Triple top here..
Short back to 13.20 first target. I expect a dead
cat there before final target of 12.30
200sma at 14.40 (Gold wave) things should drop quickly below that
3.14.23 I decided to post American Airlines because I think it could open and have A two-bar reversal for a long trade. This will be the first of two or three videos because I'd like to show similar reversal patterns in oil potentially,the ES which is already had a reversal pattern, and I will show that to you as well. I am going to make these videos Shorter...
3. 11. 23 This is American Airlines part 2 because I messed up on A range box that was very important because of its context to volatility. So this is a very short video to make that correction and then summarize it to make my point . The expansion of volatility on this Market was not linear... it was much Greater each day for 3 days.... it's a very important...
3. 11. 23 This video explains how American Airlines dramatically changed with regard to its expansion and volatility as I see it. The video speaks for itself. There is one error that I made with the range box that I added to compare the range on the first post to days earlier.... that range box that I added is not accurate because it doesn't really represent...
3.9.23 I missed a very important point on the first video. It's the reason why I did this video which is short. It's more effective to listen to the video than me spend 15 minutes trying to describe the video.
3.9.23 I was asked about American Airlines Because one of my followers was scalping American airlines and wanted to see a review. At the end of the video I wanted to show pictures of some medicine that I take these are supplements. Many people take these supplements in various forms and they do not require a prescription. I recommended that my students family...
W Formation formed earlier with AAL
The price broke up and out of the neckline and then the price came back down to test the levels.
We then recently had a Falling Flag form which is coming to the end.
We now need the price to break up and out of the flag formation.
Once this happens, the momentum will be well on the way up.
7=21
Price>200
RSI>50
Target $18.19
The airlines have been pretty quiet lately with the year being primarily sideways trending and relatively unchanged.
Although earnings have been well the IV has remained low all year long. With potential to the upside remaining plausible there is not currently a push of buyers entering new positions.
Remaining neutral with a slight negative bias for the next...
This has got to be one of the most beautiful charts I have seen yet. This is ready for an explosion. Massive bullish pennant. Stoploss 15.50. Tarhet 22 this is a beast close above 17.30 and this is long gone, rocket boots jet packs and smash the NOS
Cycle from 10.3.2022 low in American Airlines (AAL) is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave ((i)) ended at 15.18 and dips in wave ((ii)) ended at 12.23. The stock resumes higher in wave ((iii)) towards 17.64 and pullback in wave ((iv)) ended at 15.73. Internal subdivision of wave ((iv)) unfolded as a zigzag structure...
I you haven`t bought my last call on AAL:
the you should know that Looking at the AAL American Airlines options chain ahead of earnings , I would buy the $16 strike price Puts with
2023-1-27 expiration date for about
$0.36 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your...
AAL did a nice neckline breakout after the inverted head and shoulder formation. We are expecting a minor pullback towards the highlighted zone to retest and accumulate more buying pressure. If the pullback range holds the sell-off above the level which can support a nice bullish reversal, then we can expect the trend to continue upside down and complete the...
Trendline is pretty strong on both sides (Support and resistance)...
think of all the negative news in the last 4yr for airliners and this trend has never been broken. One will give way later this year , probably 3 Qt. With two bottoms forming on this monthly I think AAL might soar after retesting 11-12 one more time.
What brought me to AAL was the...
American Airlines' stock kept rising in the intraday levels, while buoyed by piercing the downward trend line recently in the short term, while buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore I expect more gains for the stock, targeting the resistance of 15.70, provided it holds above the...
Hello dear Traders,
Here is my idea for #AAL
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
