AAL has plummeted in 10 weeks
This chart shows the weekly candle chart of American airline stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the stock of American Airlines has maintained a relatively weak and volatile consolidation pattern after completing a small...
Looking at the AAL American Airlines options chain, i would buy the $15 strike price Calls with
2022-11-18 expiration date for about
$0.46 premium.
Looking forward to read your opinion about it.
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
...
