Although current rally breached the previous low of wave C-1 or (3)-1, we still cannot ruin the possibility of 4th wave correction as this can be a complex corrective structure eg. triangle as long as the end of 4th wave did not touch the wave 1, further downside could happen.
alt count can be 12-12, or wave 4 of an expanding ending diagonal for wave C
NASDAQ:AAL showing signs of trying to break out of a downward channel pattern. AAL has a strong support @ 35. After bouncing off this support making an attempt to break out again. Good buying opprotunity
Triangle on H4 has broken downside and got a revisit yesterday of the support which has then confirmed the bearish outlook. Projected targets at 39, 36 and 32.
AAL on a daily hit the top of the trendline and a confluence point of a very strong horizontal resistance and reversed.
There was a very strong support Dec - May @46.50 which was tested in the past week and now it has become a strong resistance. The previous couple of trading days have formed a hammer and an inverse hammer. After the hammer for an uptrend we...
Friends,
I am happy to be able to post back here again (With the approval of my new employer allowing me to post ideas without any form of COI.
We are technically at a major level (An area of consistent resistance. This level is strong Fibonacci confluence zone meaning we're obviously looking for a ricochet scenario back to the lows again.
Due to...
Friends,
I am happy to be able to post back here again (With the approval of my new employer allowing me to post ideas without any form of COI.
We are technically at a major level (An area of consistent resistance. This level is strong Fibonacci confluence zone meaning we're obviously looking for a ricochet scenario back to the lows again.
Due to...
This is American Airlines, not my favorite sector but a good breakout, the only issue so far is volume is not huge. Potential run higher and looking at the options the Jan 45c are 3.65 with a break even of 48.65 by Jan 16.
Technically short. Some minor fundamentals in play to probably cause short term short stints,
These stints may cause a chain reaction for technical enthusiasts who have been able to identify this area, as a technical key reaction level.
Best of luck
Tom
This stock was featured on CNBC I looked at the options and over 11K for the FEB 50 calls, with oil down this could move it higher. Breakeven is only 52.28 by Feb but profit potential is great, now I don't want to buy until it breaks out...may pay a bit more but higher probability on it moving up with options
I have set 3 targets of overhead supply so i would...
Utilizing the T&B indicator and the Snapback indicator for a Setup seems a bit more promising.
Snapback shows the overheating, T&B shows the momentum shift.
I will work on a putting together a strategy and rules. If theres potential to make money, will go live.
Sorry, I forgot who asked the question. Thanks a lot. And please identify yourself in the comment....
