American Airlines : end of bull-run?
Volumetric analysis and position management to limit risk, constantly updated, to follow my operations, always for information purposes.
As you can see we have reached a turning point, both as regards the 786 Fibonacci level, which among other things coincides with a gap created at the end of February 2020, and for the volumetric levels, i.e. the price exchanges, verified. on certain values.
26 (25.95 to be more sure) is the target.
This week there will be the Earnings, the forecasts are bad, obviously, so a positive surprise could give the final boost to the title to reach and exceed the target.
Realistically, however, AAL really seems to have run out of energy, the week just ended was further proof of that. Low volumes, unloading of the stock which then closes below the support trendline it had held since January 21.
The price space is very low, sometimes it happens that there can be 1 or 2 positive days before the earnings. We'll see.
My "stop profit" is very tight, in the area of 21.61, if it is taken it will still be one of the best trading operations of the year. (My enter price is in 15 area)
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
As you can see we have reached a turning point, both as regards the 786 Fibonacci level, which among other things coincides with a gap created at the end of February 2020, and for the volumetric levels, i.e. the price exchanges, verified. on certain values.
26 (25.95 to be more sure) is the target.
This week there will be the Earnings, the forecasts are bad, obviously, so a positive surprise could give the final boost to the title to reach and exceed the target.
Realistically, however, AAL really seems to have run out of energy, the week just ended was further proof of that. Low volumes, unloading of the stock which then closes below the support trendline it had held since January 21.
The price space is very low, sometimes it happens that there can be 1 or 2 positive days before the earnings. We'll see.
My "stop profit" is very tight, in the area of 21.61, if it is taken it will still be one of the best trading operations of the year. (My enter price is in 15 area)
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Trade closed: stop reached:
Stop Profit 21.61 hitted on 19/4. Entry price was 15.04. Great trade
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