A1G trade ideas
American Airlines Heading towards 9 Years LowWelcome to Profitlio Trading!
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AAL price broke the diagonal support it held for last monthly candle. And price has heavily broke it and heading downwards and expecting a target around 3.87 where 9 years low held and the support formed.
Profitlio Trading ( Since 2014 in Financial Markets )
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Close to the bottom for AAL? Or will COVID19 take things lower?Previous bottom at $4 in 2008, we are getting close to that territory again. Though with COVID19 meaning flights are potentially grounded indefinitely will this push prices even lower? Our thoughts in terms of future investment is that buying close to that area will be positive for the long term.
AAL 10-Year LowAmerican Airlines is currently sitting at a 10-year low. Stock prices have not gone this low since 2008 financial crash which specifically was due to the housing market in the united states. As we trade near the low of the stock range we are testing near the support level. Potential for the stock to drop below the support level remains high as cashflow is dwindling for the airlines
American Airline in a falling wedge, but future is goodhas bullish divergences on the 4H but further downside is probable. Might drop to the buy zone and make another bullish div.
With multiple gaps above the current price, a significant retrace is very like in the future, barring the end of the world.
Travel will surge significantly once lockdown is eased due to pent up demand. However I expect that the corona pandemic will last until start of summer when high temperatures will slow viral transmission.
This is my first look at a stock on tradingview. I believe that cryptos are the best longterm investment, but this stock is low risk at the buy zone due to fundamentals, such as American aviation will to be bailed out by the US government in time of trouble.
AAL: Buy the panicNow let's first be clear. Once again I will repeat this is not financial or investment advice. This is also not technical analysis. The airline industry has been one of the hardest hit sectors; we don't even need to discuss why. The only question one needs to ask is: will airlines recover? I think so, and an ~80% drop since 2018 exacerbated by panic selling and an impressive ~10% recovery yesterday shows me that hope is not lost. Once again investors should always practice caution, but laddering in with what you can afford to lose in such an oversold market, even one that could drop far more, doesn't seem like the worst idea to me.
$AAL America Airlines Group shorts need to be careful
With the might of the Government pledging their support, be very careful if short.
The stock is at extreme oversold conditions and as in other markets worldwide SHORTING may be very well be outlawed in certain stocks.
The stock could have massive moves within minutes.
BE REALLY CAREFUL, RALLIES WILL LIKELY BE SOLD.
BEST ADVICE IS TO RELAX AND WAIT FOR THIS EXTREME VOLATILITY TO PASS
AAL | Trend Analysis | Weekly Long idea
Note: Consistent success in financial markets requires a personalized trading strategy
*A method that specifies the type and amount of patience
*Entry and exit points
*Your customized psychology plan
*Risk management program based on your personality
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