Historically when the Vortex Indicator reaches this level, the stock drops an average of 13% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
When Warren buys an Airline this has to be good, anyone remember that speech about him beeing an aeroholic, and everytime he wants to buy an airline he calls some phonenumber and they talk him out of it?
$AAL - short setup - (hourly Chart) - DayTrade
Long > 40 Stop - 39.49 Target - 40.85
Hello everyone. From my point of view possible downward turn with two goals in the crosshairs. The box is the security area, if the price closes above it lowered the probability is reduced, is not advisable to go above this. If the price breaks down, Objective 1 is the one with a higher probability,> = 70%, the target 2 it is for the brave hearts. Good trade,...
This is the first time in the past 6 weeks AAL has broke its resistance with any sense of strength. If we break 37.00, this could prove to be the breakout day.
AAL has been stopped in its tracks at the 36.70 or so mark for almost an entire month. Today is the first time we have broken through this level. Is this AAL's signal of a bullish move? This analysis is part of a trading challenge where I indicate my trades only using the EMA50
Maybe the price of oil will play a role in the direction. Would love feedback on which way this may go - but it's my opinion that it's going to break out one way or the other.
Since Mid-July, AAL has battled resistance at the 36.72 mark. If we can break this, AAL may have some room to run bullish. I will be watching this to see if it can finally smash through the cieling.
This morning, AAL had gapped up and traded up to the level of the big bearish candle from 2AUG. Since then it had been trading downwards. If AAL can catch support intraday today and into tomorrow, it might be a good time to enter. Otherwise, if we roll over back towards the SMA, I would need to watch this for a couple of days to determine where to go from there.
AAL has bounced of its SMA50 and is showing signs of a bullish run here. I have diagrammed out a bullish trade with both a very conservative stop (as far as for a swing trade), and a conservative target. Even with these levels, the Risk to Reward ratio is sitting around 1.5 for the trade. This might be a good point to get into this trade in hopes of breaking the...
AAL had traded sideways and back down to the SMA50 in the past 10 or so trading sessions. Upon reaching the SMA50, AAL has found some bullish support ending the week on a fairly bullish candle to bounce on the SMA50. If AAL can close above the 37.00 mark and knock out the resistance of the past couple of weeks, it may have some room to run (I've added some...
AAL is up on an earnings beat and is showing signs of resistance. There has been a lot of indecision the past several trading sessions and the momentum may be slowing/changing. I will be looking for AAL to either bounce of the EMA 50 or break out bearish on a cross. This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50...