When we look into monthly and weekly charts, both RSI and trends are going up. But when we go down to daily chart, RSI is not supporting tre uptrend, just the opposite RSI is weakining on daily. This may be an indicator of ending bull market.
4H Chart Explanation:
- Price broke the Ascending Trendline.
- It is, currently, against an important Resistance Zone.
- If price starts its down move from here, it has potential to move down towards our Target Price at 240, being careful with the Middle Support Zone at 340.
Our Weekly and Daily Vision support this short idea. Take a look!
NASDAQ:AAL sitting comfortable inside the falling wedge. I am expecting/hoping for an upside break. Conservatively, I am targeting $40 if AAL breaks out of the wedge. Otherwise a correction to $29 invalidates this outlook.
NASDAQ:AAL might have bottomed. And if it falls further, it means trouble for the airline and everyone as well. The chart looks good by the way. Indicators are turning up and if you are looking to hold for long term, catching the falling knives at these levels might be a good bet. I am targeting $40 if the falling wedge breaks upwards. Otherwise a fall below $27...
1H CHART EXPLANATION:
The main items we observe in the chart are:
- Price bounced from the Convergence Level and broke the Ascending Channel.
- It is currently on a Bearish Corrective Structure.
- If price breaks it at 180,9, it has potential to move down towards the Support Zone at 163.
Updates coming soon!
American Airlines Group, Inc.
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the...
American Airlines Group Inc. (AAL)
Consolidation above main volumes + CMF is Positive
Buy Limit (Pre Market) = $33.60
Take Profit - $35.23
Stop Loss - $33.25
Take Profit = +4.85%
Stop Loss = -1.04%
The price has once again reached a key level on a weekly time frame: at the price of 1,127 a static support has formed, which tends to bounce the price and keeping it within this channel, with resistance at 1,146.
Very short, short and medium term
The trend remains bearish in the short term, while in the medium term it continues to be strongly...
After the profit of the previous LONG trade it is advisable to trade this asset in the same way from this level: as long as the support area of the 2.70 $ holds, the trend remains lateral/bullish. The fundamentals elements are in favor of an uptrend as a new wave of cold is expected and this will influence stocks that will drop significantly. The target zone...