Trade ideas
$AAL - Positive Scenario above 14.3very close to break the channel above.
Not for any advise
just an Idea
AAL: Bullish Gartley + Inverse Head & ShouldersBullish Gartley + Inverse Head & Shoulders
TP 1 = $15.10
TP 2 = $14.12
TP 3 = $13.7
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If you like my analysis:)
Thank you and Good Luck!
AAL: Update1 - First Target Reached, Be Ready For The OthersBullish Gartley
After reaching the first target
the price pulled back and now
we have a second chance to
take some good profits on that target again.
TP 1 = $15.10
TP 2 = $14.12
TP 3 = $13.7
Please don't forget to FOLLOW , LIKE and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
Weekly opportunity American Airlines Uptrend American Airlines tried to recover above the mark of 13.00 on Wednesday (October 7) after a revival of hopes
over a potential aid for the airlines despite the recent decision by US President Donald Trump to halt stimulus talks
with the Democrats. After his call to end the stimulus talks with the Democrats, President Trump urged Congress
to extend $25 billion assistance to US passenger airlines, including American Airlines.
According to Reuters, House Speaker Pelosi spoke with Treasury Secretary Steven Mnuchin by phone on
Wednesday evening (October 7) about a potential standalone bill for $25 billion in aid to airlines that Democrats
tried to advance last week. Mnuchin, who had been Pelosi’s negotiating partner as they tried to reach a
comprehensive package in recent days agreed to talk again on Thursday (October 8), the spokesman, Drew
Hammill said.
According to CNBC, last week American Airlines, United Airlines, and other U.S. carriers began furloughing more
than 32,000 workers. Airlines that started furloughing their workers said they would reverse course if more aid
was approved.
$AAL American Airlines Chart Analysis
Lets look at the big picture as the action on the daily chart is such a mess.
The stock is within a well respected congestion channel since early June, with the Anchored
VWAP and Middle Bollinger Band also as resistance.
Further resistance comes from the 0.283 fib level @ $13.80.
Hopeful longs have continually got punished in this stock regardless of
stimulus newsflow, the safe option is to trade any rally rather than position for it. The channel breaks
above $15.00 with $17 as the next resistance
AAL Wedge NASDAQ:AAL and other airline stocks may see a boost this week with talks of relief for the companies. My target for AAL is 15.60 for the day leading up to earnings. I believe that stimulus could quickly take shares up and shift the downward momentum that airlines have faced over the past three months. Furthermore the wedge that is forming is supported with a few bullish catalysts, MACD cross, 50 SMA approaching the 100 SMA for an upward cross, and a strong increase in volume on a move to a higher high.
AAL for longReally in terms of this whole argument about whather airlines will ever recover I stand with Warren buffett. The airline business will never be the same after Corona but however I believe these companies will probably recover for a bit b4 things get even worse and this is one stock I've been watching nice and low risk when compared to southwest airlines.
AAL - American Airlines Sell SetupAAL is forming an inverse head and shoulders pattern around support in green.
The head and shoulders is still an idea so we are waiting for the right shoulder to form and then buy on the neckline (in gray) break upward.
we also have a trendline in red and divergence adding more confluence to our setup.
our trigger would be after a momentum candle close above the neckline.
Or waiting for a red dot (swing high) to form around the upper red trendline to consider it valid and buy on its break upward.
and the stop loss would go just below the right shoulders.
we always target double our stop loss.
Good Luck!
American Airlines - Hold For nowAmerican Airlines, United Airlines, Delta, Southwest — Shares of the major U.S. airlines fell on Friday as President Trump’s Covid-19 diagnosis injected uncertainty into the market. Shares of United Airlines fell more than 2.5%. Shares of American Airlines and Delta Airlines lost 2.3% and 2.1%, respectively. Southwest Airlines dropped 1.6%, while Alaska Air Group slid 2.6%.
Hold for now.
$AAL - 3 keys to Long success1. Stay above 11$
2. Break above 12.65$ (near MA50)
3. Break the channel above.
Not for any advise
Just an Idea.
AAL: squeeze playAAL has taken way too much debt and incinerated capital in a buyback scheme that could barely keep the stock in the 30s in the 'repo' rally of 2019 end (remember the 'this is not QE by Powell?).
On the other hand, the hand of shorts (30% of float) shows in the price action, especially from June on: massive squeeze, then progressively sold off.
Very difficult to say how things are going to play from now to election, but news on late Friday that they are receiving $5.5B Treasury loan will provide new ammo to cover and potentially push stock past its levels, especially if the overall market returns to sell Tech in favor of 'anti-Covid plays'.
Look at the levels as support and resistance, and play accordingly. $14 is very stubborn resistance
AAL Long TermWith airline traffic picking up after 3 months of quarantine, Airlines are starting to work up to its ATH. AAL was at $30.16 before the pandemic hit in early march. In 2018 ATH was around $59.00. Airlines have been getting loans from the Government. AAL has secured 5.5 billion in loans and is looking to secure more by the end of September. In my opinion LUV, DAL, and SAVE are better airlines to invest in or JETS (airline ETF, all airlines), keeping in mind AAL could possibly file for bankruptcy. Shares for your long term portfolio or ITM Calls for 2021 or 2022 could be good for AAL or either of these stocks I mentioned.
credit: Danny Devan
$AAL American Airlines Resistance Levels to consider
News after the close on Friday could help spark some life back into the airlines and AAL in particular,
but before throwing in all your chips here are some levels to consider.
- $12.70 Mid channel resistance with 50 & 100ma's
- $13.00 The 20ma which was support for so long may very well flip into strong resistance.
- $13.80 Strong Fibonacci .382 resistance.
- $14.28 Top of Channel, above which we got a rally.
AAL making higher lows finding support on gannfan AAL American Airline found a strong support on 8/1 gannfan line where it got a huge wick rejection and was building up strong momentum since then. This is a deep pullback and now aslong as it will break 200 and 50 sma and retest those, AAL will continue up to at least 15.23$ level and then after breaking that to 1.618 fib levels 17.8$ target and even further to 2.618 which is the 21.81$ target especially considering the short volume of 30%. The momentum also made high lows with a very small pullback on that momentum indicator so it is all about breaking that triangle formation now at around 13.38$ levels which lines up with the 200 50 sma
