American Airlines
Short Term - We look to Buy at 13.78 (stop at 12.30)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 13.40. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips...
Airline stocks have see a massive hit since the current economic downturn but could it be the climax basing for the next cycle
The 13-year cycle from 2008 completed a 661 week trend and market is forming a base for a 5-year bull market.
Repeating market patterns give us a clue of what we can project after completion of the cycle
1896 - 1903 7-year cycle
10/2004...
3 Long scenarios
Fundamentals
-
General
One scenario developing doenst invalidate the other. Would trade one after another if it should happen - or all at the same time.
Scenario 1 (Green arrow)
Target
Next resistance level (level 1).
Confluence with the 50% level of a monthly range.
Requirements
- Price closes above buy zone 1
...
#SuakuFlowsWatchlist
$AAL P < 16.11
$AMZN P < 120.75
$MSFT P < 269.61
$UAL P < 44.50
Put on the long trigger for reference but am looking for the downside on all picks.
Scale out when comfortable.
Feels odd to see an $AMZN contract trading so cheaply 😅
#SuakuFlowsWatchlist
$AAL C > 16.18 | P < 15.41
$AAPL C > 141.79 | P < 138.34
$AFRM C > 23.08 | P < 20.43
$SQ C > 78.95 | P < 74.31
These are my focus picks and key levels going into Thursday's session 🌊
Scale out at 20%.
Whats The Plan/Trade/Thought
My original intention was to leverage the volatility from the rate increases to enter VXX. However the BP (Buying Power) requirements were pretty high. Making IT less attractive in risk and reward
The airlines sector are seeing signs or recovery with surges over pre-pandemic level in March. United Airlines (21 April) have...
AAL has seen its first double bottom pump through a bear phase of this indicator
Now it will see its second double bottom pump through similarly the bear phase of the indicator (in green)
American air line looks close to breakout and if AAL successfully break next target is 24$ and after than eyes will be towards 30$.
But if it fails to break out then may visit 15$ again.
