American Air (AAL) Sell $33.67 > $30.62 (Profit:Risk = 2:1)
NASDAQ:AAL
American Airlines Group, Inc.
Information:
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the main savings for the subsequent fall down.
Today we expect reports.
About stop loss:
Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained.
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Sell Limit = $33.67
Take Profit = $30.62
Stop Loss = $35.27
------
Profit:Risk = 2 : 1
Profit:Risk = +9.06% : -4.75%
American Airlines Group, Inc.
Information:
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the main savings for the subsequent fall down.
Today we expect reports.
About stop loss:
Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained.
------
Sell Limit = $33.67
Take Profit = $30.62
Stop Loss = $35.27
------
Profit:Risk = 2 : 1
Profit:Risk = +9.06% : -4.75%
Trade active:
Sell Limit = 33.67
Trade closed manually:
Closed $32.57
+3.28%
+3.28%