While searching for some good long plays, I have narrowed down on two Airline stocks- AAL and DAL! With a 5% risk, I am aiming for a 50% gain!
Looking at the longer term time frame this does not look bullish unless it can base above 25-30 range.
SIGNS OF A RETRACE COMING SOON MAY HAVE AN ENTRY POINT BY END OF THE WEEK WILL BE LOOKING FOR SIGNS OF A REVERSAL BETWEEN THOSE 50 AND 60 FIBS
Lets wait for it to bottom and see the volume on the recovery
Bullish momentum divergence forming on the daily chart. Price hitting a new low, while momentum continues to improve. Use a trailing stop loss on the trade. Target 1: $33.00 Target 2: $40.00
short on bounce up to 50 day ma/cci and percent r still on bottom range even with bounce/
NICE BIG DOME HERE ALMOST AT THE BASE. THIS IS MY INITIAL SETUP. WHICH SHOULD WORK EITHER WAY WILL EXPLAIN. THERE MAYBE A COUPLE OF DIFFERENT OUTCOMES, AT THE MOMENT OVERSOLD STOCKS ARE PUSHING THE MARKET BACK UP IF IT SUCCEEDS IT SHOULD BOUNCE UP TO THE ORANGE ZONE WHICH WILL ACT AS RESISTANCE IF SO HERE IS A GREAT OPPORTUNITY TO SHORT DOWN TO FIRST GREEN...
Here you go. Another trade for $3 to $4 by 2 weeks. "AAL" for long. It is extremely oversold position. The volume will start slow down bit. Stop Loss $30.00. Make sure to watch intra day movement before taking the trade for long. I am into it. hurray!!!