AAL INVERTED HEAD AND SHOULDER ON PLAY WITH A MINOR PULLBACKAAL 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 structure.
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Trade ideas
AAL approaching 4 year downtrend 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 squeeze this stock underwent last week. Once AAL closed above its daily 200sma for the first time in a yr
and the bears got squeezed.
1.Overbought on every daily indicator
2. Approaching 4yr trendline around 17.40
I'm looking for a pullback to close gap at 15.38
If it drops below 15.30 chances it retest that 200sma at 14.70 is high.
If it drops back below 200sma then we're are headed for 12$
AAL like most airliners move in tandem with DJT ( Dow jones transport)... I posted a chart on it, check it out!.
It's been a while since I've traded airliners with exception of Boeing. I'll be looking to short AAL for the gap close this week..
I'm thinking 15.50 P
1/27
Stop loss 17.50
American Airlines keeps rising - AnalysisAmerican 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 support of 13.20.
#AAL 2-2 reversal in monthly chartHello 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!
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Company under observation AAL SHORTHello guys, I share my next trade idea, the price has been forming a head-shoulder shoulder on the trend line, the rsi has shown to be bearish, we will enter when the price breaks the base of the neckline, which would be around 13.25, once Be it so, we will look for the profit as indicated by the books, the height from the neck to the head, which would take us to 12.00, a price that has already been rejected previously, we must keep this company under observation since it can be a good entry.
American Airlines Group flying up to $16.93 Inv Head and Shoulders has formed on Daily chart
We are just waiting for the breakout which will send the price to Target $16.93
With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
Is American Finally Cleared for Takeoff?American Airlines has struggled for years. Could it now regain lost altitude?
The first pattern on today’s chart is the falling trend line along the highs of May, August and September. The carrier pushed through that resistance last week and has now bounced at it. Has the line become support?
Next is the recent low around $12. This closely matches the 78.6 percent Fibonacci retracement level of the entire rally between March 2020 and May 2021. (For the sake of visual simplicity, the other retracement lines are not shown.)
Including the low in June, AAL has also formed a double bottom around the same price level. That’s another potential sign of sellers losing control.
Third, the Relative Strength Index has shown positive divergence over the same time period.
Finally seasonality and fundamentals could be in play as travel rebounds into the holidays. TSA data shows daily flights consistently back above 2 million per day. AAL also reported strong quarterly numbers last week (echoing the results of peers like Delta Airlines and United Airlines ).
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AAL - Short term flag play! Quick Post tonight!
Covering the Technicals of AAL ~ American Airlines!
Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence!
We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking here for a simple continuation upwards toward the upper trendline from the flag. The Candle made today is neutral, so we are looking for a jump in the coming days for a short term move up.
Momentum is in Bulls Favor (Daily, and Weekly)
It looks like a possible easy move up to resistance that could pay well.
Also, a break thru could be explosive.
Pros :
Predictable Chart here
Everything almost in favor
Con :
Daily Candle
Earnings tomorrow 9/20
2X $AAL 1D Tech. Analysis!AMERICAN AIRLINES is a patient play for 2 reasons! If it breaks out this channel, we are looking for a retest and confirmation for the drop to continue with volume. Then if it bounces off the bottom and price heads to the top of the channel then we get a even better entry on this setup! Be patient and execute!
AAL short - UPDATEUpdating my AAL earnings idea:
As you can see, we got a confirmation of the described scenario.
It was acceptable to sell intraday using the VWAP pullback point.
Also on the second day we got something similar to a flag, which has worked out.
But of course, being in a position already on the first day, I would not add on the second day.






















