Looks like NASDAQ:AAL has hit the $12 4 times and held, the consolidation looks complete, with a slight recovery to 15-16 level, then consolidate back towards 12 by end of Jan
Execution Plan:
Letting my put oct 13 strike price 12.50 assign and will looking to sell all of my shares for profit around $12.50 level. Then I will either have limit order to buy put around $12 strike price or limit order to buy shares and sell for profit again when earnings spike the stock upside.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
AAL has been trading inside a big range between 10.0 and 20.0 round number.
This week, AAL is approaching the lower bound of the range around 10.0 - 12.0 so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to...
American Airline currently trading at a steep discount because fear of lower future profitability in the stock. Airline stocks are known for their volatility because almost everything in the economy can affect the stock. The good news is for options trader, high volatility usually mean a high premium we can collect for selling this options.
Sentiment: Bearish...
After falling from 2018's high and collapsing during COVID, the stock has been consolidating and wait for break out of 20, would give a return of 100% with 1-2 year timeframe
As per harmonic, pattern bullish cypher was formed when it touched 12$ and bounce started.
Will keep on accumulation until it breaks 10$ ,
Target 1: 20
Target 2: 27
Target 3: 33
Also...
Call and Put orders for 1.5 week expiration. Price at important bidirectional zone, let the bulls or bears decide direction, it's in a squeeze.
Edit: Sold all puts, allocated to calls. Oil down, Airlines up.
Buy Oct-13-23 12.5 Calls @ 0.53 Limit to Open
AAL long position.
Market touched a lower Lin Reg and below MACD on H4.
Confirmation on H1.
Red box: Buy area.
Suggested TP: Tp1 at $16.86(close 50% of the position) and 2nd at $20.12.
Suggested SL: Always follow the Ratio - min 1:3
Warning!!!!
This content should not be interpreted as financial advice.
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...
No changes to our previous expactations. We consider LONG as base scenario.
Additional justification for a long position can be provided by the statistics of seasonal fluctuations in stock prices over the last 10 years (see on the screen picture attached). While at the current moment the price is down by 5%/
Fundamental Analysis
According to data released by Statista on August 29, 2023, AAL holds approximately 17.5% of the domestic market share among leading US airlines from February 2022 to January 2023. This marks the highest percentage of market share held by a single airline in the US, indicating a significant competitive advantage.
Furthermore, the airline...
Airlines have been decimated especially when you factor in the price of oil climbing over the last few weeks.
Margins being squeezed each day!
Long term support is being tagged in a very oversold 8 week selloff.
This could be a good R/R set up on the long side for a quick technical bounce.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AAL has been overall bullish trading inside the flat rising wedge pattern and it is currently approaching the lower bound / red trendline.
Moreover, the zone 12.5 - 13.0 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy...
Certainly, here's the translation of your message into English:
"It's worth keeping an eye on these. If they give an opportunity, I'll buy on March 14th.
UPD: I'm observing the developmental trend using the Shields and Bottoms methodology. (Every time it's a higher shield, and every time it's a higher bottom.) At the moment, we've bounced off 78.6% from the last...
Investing in aerospace-related stocks can be a lucrative endeavor due to the industry's potential for growth and innovation. You may find a lot of long-term investors holding major airline stocks (especially, positions added during COVID lows) and relatively new aerospace startups. However, it is essential to closely monitor and consider the impact of Federal...
Possible trade plan based on straddle detected. Idea valid almost up to October, 20.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with...
