Weekly chart hit a long term trend line that goes back to 2018 due to this i m looking to short American Airlines
Trade Background: Price has been in a downward trend since the start of this year. This is due to the market pricing in less demand in flying due to the corona virus. For this reason price has fallen to key support just above 200 MA. Look for a swing to the topside of the trend as market sentiment recovers. Cut loss if price consolidates below 200 MA. Trade...
Hi there. REASONS TO BUY: 1. On bigger time frame price is forming a continuation pattern to the upside. 2. On weekly time frame price is forming a reversal pattern to change its formation. Watch strong price action at the current price for buy.
Look for hourly close below 27 and swing all the way down to 25.
AAL has completed 2 years since the January 2018 top. The downtrend since then has been non-stop and 1W even formed a Channel Down with the MA50 (blue line) acting as a Resistance and Lower High. With 1W however turning neutral (RSI = 49.107, STOCH = 47.539, ADX = 14.260, Highs/Lows = 0.0000) after finding Support at 24.70 (has been holding since June 2016) and...
Big boi descending scallop, possible upward movement, however low success rate in a bearish market. A rising wedge can be seen to have caused this scallop (highlighted in red) Included fibonacci levels for possible upward movement targets.
Insanely good RR on calls for $AAL near 27.5 level (Hourly orderblock + Trendline suppport). If breaks lower, short the retest to low 27 and mid 26.
Clear as day reversal from AAL's 52-week low. Evident bounce from the low back in June of 2016. $27.05 has historically been a very strong support for AAL. Increased consumer spending and lower volatility in terms of oil has produced a positive story for the undervalued airline company. Current trade set-up - Short term target of $33.15 (13.5% upside) in 1-2...
RSI LOW New path set in green lines, continuation is guareenteed . Calls in play
Approaching resistance, short the orderblock with tight SL. If stopped, wait for retest and flip long.
Hi, today we are going to talk about the American Airlines and its current landscape. With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the...
**Defensive stock to consider is AAL.L (Anglo American Plc) quoted AUG-17 $1,698.** Reason being XAU / USD (Gold / US Dollar) prices have elevated and appear poised to continue to range above $1,400 with a 1-3 month outlook. Dividend growth (5% yield) reflects metals rally and may continue. Market cap 23.5-BLN means it is quite defensive as pure equity play....
NASDAQ:AAL Analyst projections for the summer caused oversold sentiment. Buying at bottom of range for holiday season. TP:~$55
As 737 MAXs can fly soon, perhaps the airlines that have many 737 MAXs may start to earn more money. Buy Americal Airlines NASDAQ:AAL and Southwest Airlines NYSE:LUV and at the same time sell Delta Airlines NYSE:DAL , which is not dependent on 737 MAXs.
looks like it wants to go to 28, above vwap with a similar setup than before when it gapped up previously. looks oversold
wheres the bounce? needs to bounce here or its going to get ugly... airlines across the board are green on 8/26 but this cant get out of its own way. interesting to see it hit it head on the 20 day average quite a bit. still holding and averaged down on 9/13 calls.. GL
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 ,...