Plotting comparable double bottoms.
Following each double bottom roughly a 100% rise is witnessed.
I have plotted this rise with the bars pattern tool in green.
Banks dropped after the drop in TNX. Markets are starting to align perfectly giving more credence to the my hypothesis that we are gearing for the big long. Most sectors of the SPX500 are looking bullish.
Over the span of 342d Air lease is up 389% which averages out to just about a little over 1% growth per day for the year. The pervious range where price held above before it fell dramatically due to the shock the market went through during the start of Coronavirus lockdowns is now just a few dollars a way. Once it breaks above that previous high than we can look...
Hey people, AIR LEASE CORP is in a bullish movement with an abnormal buy volume executed and a shadow with two traces on each side. In the TIMEFRAME M1 we see a breakage on the VWAP with a trace at the bottom larger than the one above with an unusual purchase volume. And a large volume of sales spent in the middle of a session great possibility of breakout the...
As you can see an exponentian curve(sorry for the hand drawing) can be observed as a support trend line, for the resistance, its a linear trend line (ascending).
Based on simple math the probabilty for higher volatility for the upcoming months is big.
If the price drops close to the trend line its worth to give a thought about buying in, but take care of the...
A higher low was formed at the price of around $27.30 and it is supported by the previous resistance of the retest and failure pivot in in March, April and May.
As airlines continue to struggle to find their footing in today's current market Air lease is in a great position to provide aid to the airlines while also generating revenue. Their business model of owning over 300 aircraft that are being leased out to commercial and private airlines ensure that they are able to generate consistent cash flow while holding many of...
Air Lease Corp or AL is seeing what could be a potential great long set up. 3 indicators converging into one set up:
- Price close to 50D EMA
- Price bouncing on Fibonacci level 0.618
- Price touching Trendline
Despite markets looking bad this week, this could bring some potential upside.
Trade Background:
Price has been in a downward trend since the start of this year. This is due to the market pricing in less demand in flying due to the corona virus. For this reason price has fallen to key support just above 200 MA. Look for a swing to the topside of the trend as market sentiment recovers. Cut loss if price consolidates below 200 MA.
Trade...
NYSE:AL wait for it to move sideways in the morning and then short below yesterday's low (35.64). if it goes straight down without bouncing first, then stay away from it.
Please like and comment if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Friends,
We've seen dynamic resistance broken, higher structure highs, and we may now see the main resistance level broken as well. An open above 40.30's could symbolise a safe opportunity to get long in this stock with very low downside risk.
NOTE: I forgot to add something very important. We had really nice reversal rejection candles at the bottom of the...
Possible H&S Top - on weakness with sustained move below 25.80 (hist. support, 200 Day MA) with targets at 23 and 21 (support, volume pockets)
Stop possible above 50 Day MA
