AAL Watched as AAL shot up to a big supply zone. Tagged it and rejected right away. Was a quick move but was able to get some good fills on puts right away for a nice swing back down after rejection.
Think it will bounce around for a bit but no trade plans until price drifts back towards either of the demand/supply zoneS. If supply, since it was such a very brief tag, I think it can hold up. But, then again with the stock being so beaten could even see a gap and go over it.
AAL trade ideas
American Airlines Heading towards 9 Years LowWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
AAL price broke the diagonal support it held for last monthly candle. And price has heavily broke it and heading downwards and expecting a target around 3.87 where 9 years low held and the support formed.
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Close to the bottom for AAL? Or will COVID19 take things lower?Previous bottom at $4 in 2008, we are getting close to that territory again. Though with COVID19 meaning flights are potentially grounded indefinitely will this push prices even lower? Our thoughts in terms of future investment is that buying close to that area will be positive for the long term.
AAL 10-Year LowAmerican Airlines is currently sitting at a 10-year low. Stock prices have not gone this low since 2008 financial crash which specifically was due to the housing market in the united states. As we trade near the low of the stock range we are testing near the support level. Potential for the stock to drop below the support level remains high as cashflow is dwindling for the airlines
American Airline in a falling wedge, but future is goodhas bullish divergences on the 4H but further downside is probable. Might drop to the buy zone and make another bullish div.
With multiple gaps above the current price, a significant retrace is very like in the future, barring the end of the world.
Travel will surge significantly once lockdown is eased due to pent up demand. However I expect that the corona pandemic will last until start of summer when high temperatures will slow viral transmission.
This is my first look at a stock on tradingview. I believe that cryptos are the best longterm investment, but this stock is low risk at the buy zone due to fundamentals, such as American aviation will to be bailed out by the US government in time of trouble.
AAL: Buy the panicNow let's first be clear. Once again I will repeat this is not financial or investment advice. This is also not technical analysis. The airline industry has been one of the hardest hit sectors; we don't even need to discuss why. The only question one needs to ask is: will airlines recover? I think so, and an ~80% drop since 2018 exacerbated by panic selling and an impressive ~10% recovery yesterday shows me that hope is not lost. Once again investors should always practice caution, but laddering in with what you can afford to lose in such an oversold market, even one that could drop far more, doesn't seem like the worst idea to me.
$AAL America Airlines Group shorts need to be careful
With the might of the Government pledging their support, be very careful if short.
The stock is at extreme oversold conditions and as in other markets worldwide SHORTING may be very well be outlawed in certain stocks.
The stock could have massive moves within minutes.
BE REALLY CAREFUL, RALLIES WILL LIKELY BE SOLD.
BEST ADVICE IS TO RELAX AND WAIT FOR THIS EXTREME VOLATILITY TO PASS