Hello guys, I share my next trade idea, the price has been forming a head-shoulder shoulder on the trend line, the rsi has shown to be bearish, we will enter when the price breaks the base of the neckline, which would be around 13.25, once Be it so, we will look for the profit as indicated by the books, the height from the neck to the head, which would take us to...
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.
Inv Head and Shoulders has formed on Daily chart
We are just waiting for the breakout which will send the price to Target $16.93
With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
American Airlines has struggled for years. Could it now regain lost altitude?
The first pattern on today’s chart is the falling trend line along the highs of May, August and September. The carrier pushed through that resistance last week and has now bounced at it. Has the line become support?
Next is the recent low around $12. This closely matches the 78.6...
Quick Post tonight!
Covering the Technicals of AAL ~ American Airlines!
Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence!
We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking...
$AAL is going to keep selling btu i am glad i got people in early just in case it reverses! Lock in profit and continue to get in low-risk trades on this setup!
I am bullish on AAL and I believe that it's a good buy, especially at this price. If I were to enter on current price I would put my S/L at $11.50 and my T/P at $25
AMERICAN AIRLINES is a patient play for 2 reasons! If it breaks out this channel, we are looking for a retest and confirmation for the drop to continue with volume. Then if it bounces off the bottom and price heads to the top of the channel then we get a even better entry on this setup! Be patient and execute!
Who has not been subscribed to me, please review this idea:
I'm showing on the chart how this short was executed.
Closed it yesterday as it came to the support level.
Updating my AAL earnings idea:
As you can see, we got a confirmation of the described scenario.
It was acceptable to sell intraday using the VWAP pullback point.
Also on the second day we got something similar to a flag, which has worked out.
But of course, being in a position already on the first day, I would not add on the second day.
AAL reported today and in my opinion has all the signs to go lower.
1. Bear Flag (for those who want it, the Rising Wedge)
2. Support became resistance
3. Fib levels
If there would be good entry points, I will sell
