Evan_Moe_Money

This looks like a good trend to follow... Does it really?

NASDAQ:AAL   AMERICAN AIRLINES GROUP INC
American Airlines looks like a nice Trend to jump on!

For one year straight, this thing has flewn away ;-)

The only thing with it is, to enter a trade right now, would go against all my trade requirements.

Strong trend: yes
EMA200 supports trend: no
OBV supports trend: no
Stochastic gives good entry: no

That is why I wait till at least 3 of 4 of those requirements are complete, before even thinking of entering a trade.
To get this straight, I do believe this stock will go up, BUT i only trade what I see, not what I believe.

Opinions?
Kapitalerhalt steht über allem.

Trade what you see, not what you think
It is above the 200 EMA and the stochastics look good, are you in this trade? I think there is big resistance at the $48 area. Investors day is on Thursday so it will be interesting.
+1 Reply
Evan_Moe_Money DennisLyrintzis
@DennisLyrintzis, I am looking at this stock for a long time already, not yet in though. I believe early Oct is a good time to get in. And yes, right now the price is over the EMA and stochastic looks good, at the moment.
I think, I will enter a small position first and then see if my prediction is still right. But we have nice patterns from the past and IF, AND ONLY IF, they repeat, this one sure looks like a safe trade.
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