AAL trade ideas
AAL Levels to WatchEnter AAL around 17.80 at a Demand Zone that bounces at 200 Day SMA. Long for post-pandemic recovery. May be risky considering delta variant. Short term bearish/ neutral, Long term Bullish.
AAL LFG!!!!!!!My prediction is that AAL will follow the red trend lines and continue to go up next week. If it breaks out of the red trend lines, then it will most likely drop to touch/bounce off the yellow line which is the support, and at that point, I might consider selling to protect my gains. Please let me know what you guys think of my idea in the comments.
American Airlines Group (AAL): Relief Rebound?Last night in New York, AAL closed the session with a 'Red Dog Reversal' candle i.e. multiple days down followed by a downside gap and then a reclaim of the prior day lows. At the start of June, the stock reached a high of $26.04 followed by a bearish reversal to trade at $19.65 at yesterday's low. I may be early here however the reward-to-risk for a moderate rebound toward the $22.00/22.30 level is starting to appear attractive for a minor 'cash flow' rebound. You'll also note the 7-RSI hasn't made a new low and is in 'NEAR OVERSOLD' territory. In pre-market, the share is +1.47% however it may pull back to provide a better entry.
Last Close: $20.35
Preferred Buying Range: $20.10 to $20.35
Stop-loss: $19.45
Target Range: $21.85 to $22.15
AAL double bottomWe double bottomed on the 1D and we should bounce here since we have a low RSI. I expect us to make a W bullish formation which should help us break resistance.
AalBig support at 18.79 and also where we are now. Could take a week to play out but if this is a bull flag we could rip back up to old high. Otherwise we may back test long term old resiatnce as new support would land 18.79 also 200 ema
AAL long opportunity is coming? www.tradingview.com
sweet spot to buy is under $20, first target would be $26 and 2nd target is $33, proximate time 40 days.
AMERICAN AIRLINES ON RECOVERY - INTERESTING - ALL - DAILYThank you for your likes, shares and comments! really appreciated! This is not a financial advice just an idea
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ALL American Airline Group >
- A slow recovery
- A strong redline roof
- A potential triangular long entry zone
- Beating some strong selling powers ranging above those past levels
As requested, my thoughts about AAL! 👍As @Bullishifter requested, I’ll analyze AAL today.
We have a consolidation in the 30min, but the pivot at 21.64 is a good breakpoint to watch next week. If it breaks it, the 22.88 is the next stop.
The 22.88 is the 38.2% retracement, and it’ll go there, at least, if it triggers the pivot.
On the other hand, we must lose the 20.90, as this might make it drop to the 19.60s. I don’t think it’ll, tho, because the RSI was very oversold, and we have some bullish divergences. Let’s pay attention to these points next week!
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See you soon,
Melissa.
American Airlines - bullish flat almost complete3-3-5 wave structure, next week should complete.
Weekly chart on the right side - self-explaining.
Have a nice week!
AAL Redemption Time?NASDAQ:AAL depending on how you draw the charts, it either looks like it's bouncing or retesting the support line.
It looks BULLISH to me, as it is coming off a bullish flag, and restesting off the bullish flag resistance. Next chart photo will be more detailed.
If it doesn't grow tonight, it might find a new low, then bounce up. Could be a longer play, 8/20C.
- RSI divergence on the HOURLY starting on 6/14, subsequently, went sideways
- RSI Divergence on the HOURLY the past 3 days with a new 30 day low (20.94) today, bouncing to today's high of 21.48
- Entry 21.5
$AAL ShortOut of a ascending triangle. I believe this has lost some support. 20.54 would be the trigger. We need a 4 hour confirm at this rate. I believe this thing will get down to the 18.12 mark based on a 9 month chart. POC is 15.86 so that should help it a long.
AAL, TIME TOU BUY?Hello fellow traders and investors, here's a trade idea on ticker: AAL
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American Airlines has recently sold off to to the trendline that acts as a support, if AAL makes a recovery to the take profit area it offers a 16.50% ROI.
Technicals:
The RSI is oversold
The MA's are still in a downtrend
The 80SMA has previously acted as a key level for AAL and is currently acting as a support.
When To Buy:
When the moving averages crossover
When To Sell:
At the take profit area
Fundamentals: AAL engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. AAL has a market cap of 14.34Billion dollars, sales of 12.83Billion dollars in the last 12 months, a P/S of 1.12, a growth in sales Q/Q of -53%, a growth in EPS Q/Q of 62.60%, a profit margin of -61.50% and a short float of 13%.
Rating: 60/100 since technicals are amazing and fundamentals are pretty bad I'll give AAL a 60/100 rating.
I hope you enjoyed this quick analysis and many more to come.
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AAL buy strategy WEEKLY UPDATEThis is a long term buy and hold strategy. The price action of AAL has been consolidating exactly as we suspected before, with an optimal entry price of $21.50 with long term target of $25.85 and beyond. If the price falls to break below $21.97 for another week then move your entry to $22 and hold beyond $26. Since this is a long term play (over 1 year period), no stop loss is suggested, and your entry should be made gradually by buying on the dips instead of ‘all-in’ at the same time.
