3.14.23 I decided to post American Airlines because I think it could open and have A two-bar reversal for a long trade. This will be the first of two or three videos because I'd like to show similar reversal patterns in oil potentially,the ES which is already had a reversal pattern, and I will show that to you as well. I am going to make these videos Shorter...
W Formation formed earlier with AAL The price broke up and out of the neckline and then the price came back down to test the levels. We then recently had a Falling Flag form which is coming to the end. We now need the price to break up and out of the flag formation. Once this happens, the momentum will be well on the way up. 7=21 Price>200 RSI>50 Target $18.19
Wednesday close at 16.19. Short on AAL with Target 1 - 15.78; Target 2 - 15.61. StopLoss or Roll 16.99
The airlines have been pretty quiet lately with the year being primarily sideways trending and relatively unchanged. Although earnings have been well the IV has remained low all year long. With potential to the upside remaining plausible there is not currently a push of buyers entering new positions. Remaining neutral with a slight negative bias for the next...
Cycle from 10.3.2022 low in American Airlines (AAL) is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave ((i)) ended at 15.18 and dips in wave ((ii)) ended at 12.23. The stock resumes higher in wave ((iii)) towards 17.64 and pullback in wave ((iv)) ended at 15.73. Internal subdivision of wave ((iv)) unfolded as a zigzag structure...
Another beautiful setup. American airlines with a double bottom / higher high on an area once regarded as resistance dating back to 2009 area ! Bullish divergence on both oscillators showing seller exhaustion on the weekly time frame . Look at the volume, much like CCL, the most volume in history of the stock !! Potential retrace up to 48-53 dollars !!
I you haven`t bought my last call on AAL: the you should know that Looking at the AAL American Airlines options chain ahead of earnings , I would buy the $16 strike price Puts with 2023-1-27 expiration date for about $0.36 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your...
AAL did a nice neckline breakout after the inverted head and shoulder formation. We are expecting a minor pullback towards the highlighted zone to retest and accumulate more buying pressure. If the pullback range holds the sell-off above the level which can support a nice bullish reversal, then we can expect the trend to continue upside down and complete the...
Since the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF: ● U.S. Global Jets ETF (JETS): +18.56% ● United Airlines (UAL): +37.53%....
Time to jump over and move to the next trade. We sold our position with more then 70% profit. Check out my user page etoro.tw/2MEhq41
Looking at the AAL American Airlines options chain, i would buy the $15 strike price Calls with 2022-11-18 expiration date for about $0.46 premium. Looking forward to read your opinion about it.
Inv Head and Shoulders has formed on Daily chart We are just waiting for the breakout which will send the price to Target $16.93 With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
I STATED BEFORE THAT THIS WAS A PATIENT PLAY FOR A REASON! We have been in this since Aug. 17th, the put sznn has arrived!
$AAL is going to keep selling btu i am glad i got people in early just in case it reverses! Lock in profit and continue to get in low-risk trades on this setup!
AMERICAN AIRLINES is a patient play for 2 reasons! If it breaks out this channel, we are looking for a retest and confirmation for the drop to continue with volume. Then if it bounces off the bottom and price heads to the top of the channel then we get a even better entry on this setup! Be patient and execute!
Who has not been subscribed to me, please review this idea: I'm showing on the chart how this short was executed. Closed it yesterday as it came to the support level.
Updating my AAL earnings idea: As you can see, we got a confirmation of the described scenario. It was acceptable to sell intraday using the VWAP pullback point. Also on the second day we got something similar to a flag, which has worked out. But of course, being in a position already on the first day, I would not add on the second day.
flying taxis 2 years from first live launch. AAl and other established airliners already have billion $ orders in.