Trade ideas
AAL Not grounded all the wayEven JETS (monitors a lot of airlines) is showing improvement (great Call territory). Slow grind up but in a good place right now with AAL. Should climb for another week or two.
$AAL Upside Targets
Bullish move above 50MA
RSI, MACD , Histogram all bullish
$12.15-$1350 a good target level.
long AALWith the idea that we are seeing the light at the end of the tunnel. Many states are opening up even in phases. AAL will rise with the markets.
looks like it might even be able to reach $13 if not the end of this week then by the end of next week.
The only thing I can see slow down progress for airline stocks is another outbreak of the virus. They will also not be back in full capacity I understand that 100% In fact I have Airline workers that have said they will cut the capacity by %30 which may increase rates by 30%+
AAL analysis Hi friends
the graph of this market shows that there is a high probability in the coming days that it will experience a bearish trend up to 5.50 at first
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AAL is gonna hit $4.95 as end point of primary wave 5 of cycle CAAL or American Airlines stock
On daily timeframe, it really clear for me, that price is in progrees to finishing primary 5 of cycle C . I think price must be ending on extension 123.6% or $4.95 in the future.
DISCLAIMERS :
* My EW labelling perhaps different with other EW traders.
** This analysis however is subject to change anytime ( with or without notice by me ).
*** Every result trade of you, I am not gonna responsible for it. I just sharing this analysis for learning purpose only, especially for people who really want to know about Elliot Wave technique.
AAL Slow back to normalCould see a slow U shaped recovery of AAL in the coming future.
A lot of potential upside as people want to escape to vacation land.
Might see one more dip if another resurgence happens with the virus.
AALLooking to swing some puts on NASDAQ:AAL if we reject this huge downtrend that you can see on the daily. If we break above, I will keep that in mind in order to play the upside. We will see
$AAL Weakest one of Airline stocks possible 50% decline to 6.4As discussed, any bounce is good opportunity to load shorts as decline trend line keep falling and breaking bottoms . Compared by others its showing weak indicators and more possibility to drop further .. Unless something big happens and jumped above 12-14 levels which can ends the falling trend
AAL Long, demand zone confirmed and Breakaway GapCondition:
1. False breakout stopped most of the positions bought in the demand zone.
1.1 After big down move
1.2 consolidation in Demand
1.3 Break through the Demand
1.4 One bar down, next bar up, back to the demand zone.
1.5 Higher than previous high
2. Breakaway Gap (G1), down trend line break.
Earning Date: 7/30/2020. It will not affect this trading plan.
Estimate: Demand zone at $9 could be hold.
Entry: 9.5
Stop: 9
Target: 12; risk/reward=1:5
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
AAL - Double bullish missing right shoulder divergence on DailyLong trade on American Airlines group
Double Missing Right Shoulder Divergence
On the weekly The impulse is yellow and allows the trade
On the daily I see a bullish double missing right shoulder divergence, Stochastic RSI curling up on the daily, prices also diverging with MACD lines and EFI.
On the 4H Timeframe Thers is a triple bullish divergence as well, including MACD-lines and EFI divergence.
Stop loss is 2 ATR levels away on the 4H timeframe.
Entry 9.85
Target 1: 12.61
Target 2: 13.99
SL: 8.31
R/R ratio: 1:1.85 to 1:2.44
I had my entry on 9.82, but that was missed by 3 cents.
Let’s see if we can get in tomorrow.
I hate shorting this far downHey guys,
So the airlines have already been decimated. Looking at this chart, I would consider taking a short at a trend line break to the downside. I know it's already fallen so much, but this support is the last thing AAL has going for it. If this breaks .. lookout. Happy trading,
- Matt
Swing Trade Idea AAL (1Month Horizon, 25%)TA: RSI, MACD in the Weekly chart shows that sellers are covering their positions. 4H Chart is also bullish.
Fundamentals: As the economy reopens and US provided financial support. Its fair to say that airlines are not going bankrupt or nationalized. Also mergers in the airline space may be on the books here in order to "save this critical US industry".
From a risk management , if AAL reaches 25% of All time high market cap we are @15 ( 50% upside) with a tight SL @9 (-10% downside) this trade is simply too good from a risk/reward perspective.
NOTE: Always do your own research before trading. This is simply my opinion of the market.
American Airline - AAL Technical AnalysisNASDAQ:AAL
Let's wait to see if the support level will be broken and see if the price will go down up to 5 USD.
Airlines are a tricky and complicated business that, personally I would stand aside.
Double check the prices movement with:
BME:IAG
EURONEXT:AF
