After 14 days of laterality, where the price tried 4 times to break the barrier of $ 22.50, on Friday American Airlines (AAL) gave a sign of strength, breaking the resistance and closing the session at 23 , $ 37 per share. The trend is confirmed as bullish, obviously correlated to the trend of oil (which I will analyze in another article) and vaccines. In the...
If the economy do re-open as soon as planned, the giant of the airlines industry could see a bullish up trend. - Breaking up ⬆️ a 167 days accumulation range. - Cup chart pattern formation. - Price over MA200, MA50 indicators lines. - $30 was the price before the pandemic plunge.
RSI High, Gap in trend, Resistance tested. I think it is a short.
***Based on analysts offering 12 month price targets for AAL in the last 3 months. The average price target is $14.14 with a high estimate of $20 and a low estimate of $10 Analyst Firms Making Recommendations B OF A GLBL RES COWEN & COMPANY DEUTSCHE BK SEC JEFFERIES & CO. JP MORGAN SECUR RAYMOND JAMES SEAPORT GLOBAL STIFEL NICOLAUS WOLFE...
I think it's a great long term play. Major airlines are a big part of our economy/society, they are not going anywhere! You will easily get 100% + gains in 2-4 years!
I may be buying 17.50 put for Friday and here will be my stops and my target.
American Airlines Breaking out possible Targets, $22.81 and $30.81. NASDAQ:AAL
Hold for now - go long only if the trendline first and then the support level of 15 usd will not be broken
It's been an absolutely wild week for everyone in the finance game this week. Let's see how the volatility continues. We're checking back in with our $AAL charts. Looking back to our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. We took a swing position and exited this one around $18.00 stop-loss. We hopped back...
Hold for now - go long only if the 18.5 usd resistance will be broken NASDAQ:AAL
Few understand. sell in may and go away. Get May Calls.
American Airline (AAL) has taken a major hit due to the COVID-19 pandemic in 2020, as have all the other airlines, which has subsequently destroyed the demand for air travel as people were forced into lockdown. AAL stock went from $29.32 high in February down to $8.23 low in May. Since then, the price has been fluctuating, bouncing up only slightly to the current...
Falling stock from 2018 and COVID-19 push it more and for many Analyst it's under-performing stock but it should have a fair value and now it's below from real value. After Vaccine race it will rise for some time. The Company's primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. ...
Airline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and...
If you check back in with our previous charts, you'll see we have been accumulating AAL between $11.50-$14.00 for a while now. The airlines are still patiently waiting for additional aid from Congress which will be a huge move up for the whole sector. While there has been support on both sides for further stimulus, there's still certain disagreements that have led...
M15 SHORT rebound from the level of 14.72 resistance = zigzag down: 1 wave - impulse, 2 wave - correction and 3 wave - impulse to support 13.35
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