American Airlines Group, Inc.
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the...
American Airlines Group Inc. (AAL)
Consolidation above main volumes + CMF is Positive
Buy Limit (Pre Market) = $33.60
Take Profit - $35.23
Stop Loss - $33.25
Take Profit = +4.85%
Stop Loss = -1.04%
Long Term Bullish on Airlines
I did a Calendar Spread to reduce my cost of Long Calls
+ 38C 6/21
- 36C 4/28
Paid Debit of ~$18
The goal is to have the short calls expire worthless and have paid about $18 for the 38C, if the short calls get tested I will just move them in and further in time.
Good Luck to All.
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