On the morning floor session on Mar 18, 2015 we had a discussion on what a High Of Day (HOD) Retest looks like and how it compares to a HOD Breakout. Candle 1 defines the first HOD. Candle 2 is a HOD Breakout, but the two candles after it show that new support and resistance are quite far apart and that old resistance (HOD) is not new support. Candle 3 is the...
I will start by saying that I believe manners are important. It is a shame that so many people have forgotten they exist.
I want to thank the requester of this chart, a complete stranger, for using his manners :)
Let's move on the the request for a chart of AAL.
Back in late 2013, AAL (the stock) was just getting started. The stock created a double bottom in...
AAL expected to open at 50.65 for a Retest Gap. Could be a bearish break away gap for a swing trade. To learn to trade this strategy for free, go to www.RealLifeTrading.com
Price had hard time to push above the red zone, main over head resistance, and we see a good chance to see $41 before we breakout a new high for the year. If you need real time alert try us www.2waytrading.com
AAL is looking like it is on track to drop to between $28 and $25 per share middle to end of October (before the earnings report). As the head and shoulders pattern has been completed (passing an averaged neck line : $36-34) and then continued downward, I believe it is a strong position to assume the bottom will be reached soon.
Even if the price falls below $25...
American Airlines hasn't really flown any friendly skies in this chart... Lots of volatility, but chart is very discernible & predictable. I think very nice swing opportunity long swing opportunity will present itself around 33.35
Shares of American Airlines Group Inc. (NASDAQ:AAL) have come under pressure the last two weeks even as the price of oil has dropped. This drop in oil should help American Airlines Group Inc. (NASDAQ:AAL) as it cuts their fuel prices, helping their bottom line. The stock has now created a "Head and Shoulders" top pattern on the daily chart. If this chart pattern...
Kiplingers had an article on airline stocks that opened with "There's an old wall street joke about how to end up with $1 million worth of airline stocks...Start with $10 million."
"In 2000, nine airlines controlled about 80% of the U.S. markets. Today, just four companies control about the same percentages."
Looking at the major players American Airlines...
Internal divergences at the recent highs are suggestive of a weakening trend and with high volume down days happening, there is distribution evident on the chart for AAL.
Note that the "range movement" has broken its trendline and is close to a 2-month low, which is a solid definition of a downtrend.
43 is ideal resistance from 12-days of time there.
Target...
