AALD trade ideas
AAL: Two Trading ScenariosALL made a long correction and now it looks ready for the upward movement again. The price keept the bearish momentum for the last two weeks because of the news that "Big Four" US Airlines were going to go down to three.
You might say that this might be the fourth one? Yes, even that can happen but for the meantime the techical side is showing the opposit.
Targets on the chart.
Thank you and Good Luck!
AAL looking for a breakoutTechnical:
- Support & Trend line since November
- resistance from high at 80$
- if we break the triangle in a upmove, i‘m looking for a move to the 26-28$ area
Another problem is the current limitation of trading stocks at robinhood like gme, aal e.g. So we will Miss the volume of the retailer.
No Financial advise, open for your feedback
Thx
American Airlines - $28 TargetIt'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 in at the $15-$16 range and began building our position there once $AAL broke out of that downtrend pennant and retested for support. The majority of all the trading volume here has been under the $17 range. If this gains momentum, we could see a rise to the $28 levels sooner than expected along with some shorts getting squeeze on this stock as well. Keeping a close watch on this one.
Updated Targets:
1. $22.75
2. $28.84
3. $34.81
Watching closely, and will come back with more updates.
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Fasten your seat beltsBeyond the market lows, maybe the aeroplane shares will rise. After consolidation in December, there is a break-up momentum and I expect to see there will continue.
This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
AAL: How to trade an Ignition Bar?Hello traders and investors! We’ll analyze AAL today! This stock is flying now, so, let’s see if there’s anything interesting to do here.
The volatility increased a lot, and the hourly chart looks very stretched, but if AAL is about to drop, a pullback to the 21 ema or the $ 16.47 would be expected . In fact, the $ 16.47 is a key point for the short-term , as it worked as a resistance twice, and now it is supposed to work as a support, according to the Principle of Polarity.
Now, let’s see the daily chart:
Maybe today’s candlestick is an Ignition Bar : A massive bar, with high volume. If that’s the case, we must wait for confirmation tomorrow, it AAL trades above today’s high again.
This could ignite the next bullish movement to the $ 22.80 , but it must be triggered first. Also, we are not sure of how much of this volatility was caused by expectations regarding the Earnings, so, let’s be careful.
Meanwhile, let’s watch the key points mentioned in this analysis, and if you liked it, remember to support it , and follow me to keep in touch with my daily updates!
Thank you very much!
AAL 2021-01-23AAL has broken out of its 1.5-month bull flag consolidation, backtested, and is currently sitting on top of the 20 EMA .
In Elliott waves , it is in a 1-2-1-2-1-2.
Technically this is as bullish as it gets.
Fundamental risks
1. Vaccine rollout has been slower than planned
2. Earnings is on the 27th.
Conservative PT is the bull flag equal legs target of 23.
SL under 14.66