I think we saw a recent spike from American airlines as buyers are finding interest as price hit the top of previous major structure (green arrows) an s&r play.
Notice the spike of the candle where I have a red arrow drawn. To me this looks like an exhaustion candle as buyers got slapped back down. I some what agree with playing the previous structure as an s&r...
I like the support zone here in $AAL for two reasons. They raised capital at a price of $13.50/share and obtained super favorable terms on bonds that won't be due for some time.
The volume today was over half the float. That is the third highest volume day in the last year and typically those can be followed by rapid rise type follow through.
Three of the...
I think there is not much to say about #AAL.. Due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult situation.. The cash flows of the airline companies are seriously disrupted and this situation seems to continue for a while, in this context, we can see much lower levels in the stock price..
Also, if we...
Haven't posted on here in a bit. Figured I would share some plays that take advantage of the recent spike in volatility.
Airlines have taken an absolute beating, and if you put a gun to my head I would say that will continue. However I don't see it happening at the same pace and we should get a couple green days mixed in. The high IV has provided a very wide...
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.
NASDAQ:AAL
American Airlines Group, Inc.
Information:
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...
NASDAQ:AAL
American Airlines Group Inc. (AAL)
Daily Chart
Consolidation above main volumes + CMF is Positive
6H Chart
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Buy Limit (Pre Market) = $33.60
Take Profit - $35.23
Stop Loss - $33.25
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Take Profit = +4.85%
Stop Loss = -1.04%
For short term, wait for the price to form a continuation pattern on lower time frame and watch strong price action for sell.
As a longer term investment, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Don't take a trade if you don't see clearly when big guys are in.
American Airlines is breaking out of a multi-year trading range. $56.20 is high of the range and should act as support.
Price target 1: $70.39
Stop: $54
Kiplingers had an article on airline stocks that opened with "There's an old wall street joke about how to end up with $1 million worth of airline stocks...Start with $10 million."
"In 2000, nine airlines controlled about 80% of the U.S. markets. Today, just four companies control about the same percentages."
Looking at the major players American Airlines...
