NASDAQ:AAL bouncing from the channel, undersold today in the last minute
pumps up then falls down pumps up then falls down _____________________
American Airlines should have a nice swing here. Way oversold on the RSI and showing possible signs of a reversal. Have 16 shares at 28.26. Looking to sell in the $30 range and cutting my losses around $26.
Price action seems week and not convincing that it would break out. Appears like a descending triangle formation. #aal #americanairlines #short
Seems like the time for a correction has come for AAL (American Airlines). Small or significant is a matter that remains to be seen. Whatever the outcome, Long Puts w/monthly-bimonthly expirations, a percentage available for hedging, and let's see how it plays out.
AAL built a Shooting star at the EMA (30). In the past the EMA was respected by the Price and strong candle Signals were followed by big downmoves.
NASDAQ:AAL sitting comfortable inside the falling wedge. I am expecting/hoping for an upside break. Conservatively, I am targeting $40 if AAL breaks out of the wedge. Otherwise a correction to $29 invalidates this outlook.
A falling wedge pattern has been developing for the last six months and may be ready to break out. Short term swing targets 32,35,37 and breakout target 40. Stop under 25. If there is strong continuation you may see a flag spike and channel to previous highs of 54,56 and 59 over the next couple of next years.
NASDAQ:AAL might have bottomed. And if it falls further, it means trouble for the airline and everyone as well. The chart looks good by the way. Indicators are turning up and if you are looking to hold for long term, catching the falling knives at these levels might be a good bet. I am targeting $40 if the falling wedge breaks upwards. Otherwise a fall below $27...
Just an example of how two trend indicators can work together for giving buying / selling signals. In both cases that are exposed PSAR showed the signal first, and MAs confirmed.
good idea to trade perhaps later this week Few days and we will have an entry setup.