NASDAQ:AAL Stuck between a rock and a hard place 🪨
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American Airlines (AAL) Posts Q1 Loss on Surging Labor Costs. Reduced revenues and squeezed margins makes the case more strong for a bearish scenario to play out.
Will you be shorting?🐻
A price action above 14.00 supports a bullish trend direction.
Further bullish confirmation for a break above 15.00.
The target price is set at 16.00 (its 200-week simple moving average).
The stop-loss price is set at 14.00 just below its 38.2% Fibonacci retracemenet level and its 200-day simple moving average).
Earnings announcement might create additional volatility.
AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then
consolidated in a tight range and then a retracment trend up. Price has reached the top
of the high volume area of the volme profile. It is near to the standard Fibonacci retracement
zone tooled onto the chart. This zone from above rejected price on March 7 and...
Short Term view on American Airlines (AAL) suggests that rally to 14.65 on December 15, 2023 high ended wave (A). Pullback in wave (B) is proposed complete at 12.78 as the 45 minutes chart below shows. Internal subdivision of wave (B) unfolded as a zigzag Elliott Wave structure. Down from wave (A), wave A ended at 12.89 and rally in wave B ended at 14.67. Wave C...
Bullish setup. It may be the next buyer to acquire Spirit Airlines after the judge having blocked the merger with JetBlue.
Decent strength and volume. And MACD turning bullish from the temporary bottom formation at 13 dollars.
30 dollars long-term in 2025.
Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential .
In this edition, we'll be looking at NASDAQ:AAL ...
I believe this code is at a point of potential volatility.
If price can hold below $13.21 ... Bearish potential may be unlocked.
My key downside targets include:
- $11.61 (Conservative)
- $10.52 (Medium)
- $9.40...
Hello,
American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic, Department of...
Short Term Elliott Wave View in America Airlines (AAL) suggests rally from 10.31.2023 low is in progress as a 5 waves impulse structure. Up from 10.31.2023 low, wave 1 ended at 12.77 and pullback in wave 2 ended at 11.95. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 12.56 and dips in wave ((ii)) ended at 12.08. The stock resumed...
Hey guys,
This looks like a fantasic setup to take before the holidays.
Great larger degree impulse with a deep corrective structure to the 61.8% with an impulse on the lower degree breaking out of the larger degree trend. Followed by a great flag structure on the lower degree indicating bullish continuation.
Watch the break!
These trends are some of the worst I've seen, or on the flip side, some of the best trends I've seen to short.
I think AAL is going to file for bankruptcy.
I think it is going to go down to ~$9 and may start rally back up.
As of now it is at resistance, but a little down side is possible.
Good for long term if DCAed.
Cheers
Happy investing
NASDAQ:AAL price is testing 2010 highs which proved to be a resistance level during the 2019-2020 global health crisis. As the bearish momentum is strong on weekly charts for the stock and the overall market, American failed estimated revenue by (0.18%) on a 43% overestimated Q3 earnings report, Daily price action and momentum are showing a stabilization pattern...
American Airlines Stock (AAL) Technical Analysis - December 8, 2023
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor before making any investment decisions.
Chart: Three-month graphic
Current Price: $13.76
Technical Indicators:
Moving Averages (MA):
50-day...
Strategy Overview: Stage Dynamics Method
Our innovative trading strategy, "The Stage Dynamics Method", is anchored in the synthesis of advanced technical analysis. The strategy employs three powerful indicators: the Stage Analysis Indicator (SAI), the Volume Sentiment Ratio Indicator (VSI-CR), and the Net-Buy-Net-Sell Volume Ratio Indicator (NBNS). These tools...
NASDAQ:AAL Time for Departure?
Can you spot an interesting spot in the chart?
Weekly Chart:
After breaking down the uptrend channel, AAL makes a reversal in the last 3 candles.
The last candle is crossing up EMA8 (as an early trend indication), combined with Breaking Out minor downtrend, we can consider a hint that a reversal might happen.
But keep in...
With holidays approaching, the demand for travel could increase. This one has been sold off heavily until recent earning.
As you see on the chart, after latest earning reported, the down trend has ended.
This one could reverse to the way up.
Target 19.
This is not a financial advise but just an idea.
Current total cost of owning 100 shares is 12.18 = S1218 (the math in the video is wrong)
Plan is to sell Nov 24 call strike price 12 limit order at 0.20
This will reduce our total cost to own to about S1198.
The plan is to continue selling cover call to reduce total cost.
Based on my analysis, AAL is currently rebounding off of a low we haven't seen since 12-13 months ago.
That's over 52 weeks, which makes me weigh this level as a very strong support level. AAL is showing indications of bullish movement in the future as bearish momentum slows and others signals flag my attention. Will update if any new information changes my forecast.
