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AAL

AAL DAL and the Airline Destiny Airlines earning are all due in July: DAL 14 July BMO est. $-4.06 / $2.17B UAL 21 July AMC est $-9.41 / $1.14B AAL 23 July BMO est. $-7.03 / $1.43B LUV 23 July BMO est. $-2.67 / $0.54B All eyes will be on DAL tomorrow to sense where this mess is going. As for AAL, it closed above the downward sloping trendline but this could be easily a bull trap. I will not get excited yet. I believe DAL earnings will have a big impact on the industry. Trendline may act as support and hence may create a better odds for long positions. With FIB resistances intact, I need to see decisive solid breaks to get in. Volume Volume Volume. This analysis represents my own view and it isn't a recommendation. Readers should do their own studies before taking on any position. Data in this analysis aren't guaranteed for accuracy. Wise trading everyone.
NASDAQ:AAL
by Ekuities
AAL American Airline, an imminent breakout is coming.Following the price action of AAL during the past days, it's clear that Bears failed to retest the lows which I was highly anticipating around 10.30 in fact it made an impressive strong rebounded today from 11.41 low on decent volume. RSI pointing sideways at 42 after bieng downward sloping. On average volume, today's reverse price action for me is bullish (over the short term) despite all the negative news and sentiment surrounding the Airline industry in general. My view will be confirmed by a break above 14.29 which was 1 July high, which should be followed by a test to 18.44 then finally a test of 5 June high @ 22.8. I need to see a decisive breakout of the downward sloping trendline tomorrow or Friday before planning any bullish trades. This analysis isn't a recommendation and readers should be aware of the high risk involved in trading and must perform thier own analysis before taking on a trade. I owned a straddle at 13$, got out of the put leg today with a profit, so now I am left with a free call option at 13$. I don't own AAL stock and I have no plans to owning it for the next 72 hours. Wise trading everyone.
NASDAQ:AALLong
by Ekuities
AAL - Algorithm HypothesisThis is my hypothesis to find the optimal entry point, based on algorithmic patters observed following this stock: The optimal entry point is when all the following events occurs: 1) Price closed below the lower Bollinger band (20 day period) 2) The (support) is relatively close to the lower Bollinger band. In this case, lower Bollinger band is at 12.11 and (support) is found at 10.24 3) The 9 day moving average is above (or crossing soon) the 15 day moving average. 4) Therefore, the optimal entry point lies within the lower Bollinger band and (support). In this case the entry point should be anywhere between equal or greater than 10.24 and equal or less than 12.11. That gives us a total variance space of 1.87 dollars (which is not great because I believe the variance space should be less than a dollar, however we are getting close) So, how do we deal with the variance risk? By following this amazing advice I got yesterday from user techserve2020 : enter your trade slowly, meaning you buy small amounts as you keep observing the stock. So for example, I want to purchase a total of 200 shares of AAL, so I will buy 50 first, observe what happens, buy another 50, keep observing and so on and so forth, as long as the price does not trade below the 10.24 already established and doesn't exceed the middle Bollinger band, which I believe is at around 14 dollars. I think this is really good advice because you are minimizing your risk, while still being able to enter the trade completely. This is the equation to back up my theory: if < ; < ; < < Where, P = price, LB = lower Bollinger band price, S1 = (Support) and E = optimal entry price Let me know what you guys think? And if there's a coder out here, can you help me turn this pseudocode into syntax code? I appreciate all comments and thoughts!
NASDAQ:AALLong
by normaescobarca
2
$AAL - Drop and GoThis week I have been following American Airlines closely. My past self would’ve been absolutely horrified with what’s being going on in the airline industry, but now that my mindset has switched towards a technical approach, I couldn’t be any happier. The airline industry has both, the volatility and volume, desired to enter a trade. Here are some of my observations and conclusions: 1 - AAL heading towards its support level, which is set at 10.24 based on short term projections of 100 bars. This means the stock is ready to fall at least an extra 20% from its current price of 13.01. 2 - Resistance level is at 28 based on the same projections from above. Great room for growth within the next 6 weeks, however my exit target is set at 15$ because I am working on reducing my holding periods. 3 - For the last 3 months, AAL (and to be honest every other airline stock) has had massive price movements of over 40% which I like because even if you don’t get to ride the full wave, a 10% return per trade is also great. What will I do? Entry Target - 10.30 Stop loss - 9.00 Exit Target - 15.00 Given my portfolio size, I will be purchasing 200 shares. If my trade goes well, I am expecting a $940 from a 2,060 dollar investment. Even though 940 dollars is not much, my goal is to become really good at getting a consistent return percentage per trade. If my trade goes badly, I am expecting to lose $260. What events am I am waiting for? -For the current price to close below the lower bollinger band 20 day period using the 1 hour candle stick chart . -For the 9 day moving average to cross above the 15 day moving average using the 30 min candle stick chart. Any thoughts? Is someone else trading this stock? If so, what is your plan and what’s your strategy and exit target? I appreciate any comments from experienced day traders than can help me learn some new things.
NASDAQ:AALLong
by normaescobarca
11