Good Morning All,
I trade Long Call Stock Options.
I think AAL is primed for a bounce upwards.
It has reached a 5 year low point at 24.40 and the lower end of the channel at the same time.
These will act as support to prop up the shares.
Prediction that it will swiftly move up to ~31.
This is where it will be met with Resistance, if this resistance breaks , I think the Whales will Step in and Bull this upwards.
Conservative play would be to wait for the 10 day SMA (Yellow) to Move upwards and Cross the 20 SMA (Blue). This would indicate an Upward Trend
Full Disclosure: I wont be buying in until the SMA Cross, I am not a professional trader and this is not advice.
All trading involves risk and decisions should be made independently.
I trade Long Call Stock Options.
I think AAL is primed for a bounce upwards.
It has reached a 5 year low point at 24.40 and the lower end of the channel at the same time.
These will act as support to prop up the shares.
Prediction that it will swiftly move up to ~31.
This is where it will be met with Resistance, if this resistance breaks , I think the Whales will Step in and Bull this upwards.
Conservative play would be to wait for the 10 day SMA (Yellow) to Move upwards and Cross the 20 SMA (Blue). This would indicate an Upward Trend
Full Disclosure: I wont be buying in until the SMA Cross, I am not a professional trader and this is not advice.
All trading involves risk and decisions should be made independently.