SHORTS GOING TO SEND THIS AIRLINE TO THE FLOORNot to mention, they just don't have the books (barring some miracle) to survive this crisis.
finviz.com
^ Non of this looks good.
AAL trade ideas
Not expecting AAL back to $19 until OctoberWith all the uncertainty around the vaccine, especially its effectiveness, and the length of the time it took to get where we're now, I would not expect the airlines to return to the June's levels in the upcoming months; and to the pre-COVID numbers at least until April 2022.
I see, AAL tend to move in a parabolic manner, which would not be an exception this time as well.
I might be wrong as it always depends on a possible catalyst that may or may not spike the market aside of all the technical data.
One thing is for certain, the bankruptcy is not in the cards for ALL.
AAL - MONTHLY VIEW IDEAOR.....FELL BELOW SUPPORT. SPRUNG BACK ABOVE AND NOW RETEST THAT SUPPORT ON MONTHLY TIME FRAME !?! WE MIGHT NOT NEED NO STINKING DIVERGENCE !
AAL - IDEAHAVE GAP FILLS LOT LOWER. WE'RE ALSO STILL WORKING ON BULLISH DIVERGENCE ON THE WEEKLY TIME FRAME....SO MAYBE IT CAN DIP DOWN AND GIVE US THAT AND FILL GAP OR GAPS IN THE NEXT FEW WEEKS ?
American Airlines: Evaluation of Falling Fractal
Price breaking above red resistance line is the first sign of recovery.
Price going deeper in greener demand area is the actual place of recovery. Though the nearest yellowish part of the chart is a local resistance.
Price breaking out blue curved line is a confirmation of reversal.
Common fractal is circled.
AAL - Bullish SignalFundamentals
1. Dark Cloud is over - Earning is out, burning is out. Negative earning for sure, but the price rallied. No more severe negative news is expected.
2. Short Squeeze - A lot of short sellers expected something really bad. Now they have to close down their positions. That means they wil lhave to buy.
3. A stimulus package might be one the way for airlines.
Technicals
1. 11.50 turns out to be a strong support level. Price rallied from that. Seems like the market has determined 11.50 as the absolute low for AAL.
2. Price hit the lower band and rising. WHile lower band also is on support level.
3. MACD line rises above the signal line.
4. MACD histogram started to rise.
5. Price is creeping up on MA20
AAL to $27This is no trading advice. I'm only sharing my idea.
AAL has done well until now.
If it follows the channel and goes up, we may see $27, where the gap will close.
It's holding quite good so far.
$AAL American Airlines Reversal Trade
Stochastic in reversal
Histogram rising
Maybe all the bad news has been laid on teh table.
FundaTechno Analysis | Earnings tmr, oversold, value stonks?The worst of layoffs and restructuring is priced in, I am thinking it will not take much during the earnings call to improve investor outlook. Even if results are mixed, the expected stimulus (catalyst) will include airlines. House/senate is "negotiating" the final deal this week, with an announcement prob sometime next week. Tight stop loss from $11 in case of invalidation.
FundaTechno Style
Drop a follow to see my trades live
Long AALALL reached important support at 11 USD. I'm waiting for comfirmation form MACD to take long with TP 25 USD - 3th Elliott's wave.
AALshortsqueeze
0.236 fib resistance - 13.56
0.382 fib resistance - 16.85
0.5 fib resistance - 19.51
I'm long in AAL till $24 and $27This is no trading advice, only ideas sharing.
At some point, ALL has to fill in the gap at $27.
So far, the channel looks good and I expect a bounce soon. The first target should be $24, where there is some resistance. If it goes through, I expect the gap close at $27.
Considering the upcoming earnings tomorrow, everybody is expecting for losses.
It may drop short for it may be a fake drop.
Of course, there is the change to see a double bottom at $8.
But, I'll stick to my plan and sell at $24.
$AAL - Point of control area (11.55$) That point should be the support following the VPVR indicator.
Next horizontal and critical support should be around 10.98 -10.16
DO NOT BREAK THE PRICE OF 10$
not for any advise
Just an Idea,
OPENING: AAL AUGUST 21ST 10 SHORT PUT ... for a 1.02 credit.
Metrics:
Max Profit: $102/contract
Max Loss: $898/contract (assuming stock goes to zero)
Break Even/Cost Basis: 8.98/share
ROC% at Max as a Function of Notional: 11.4%
Notes: High implied at 171%. Looking to wheel this if it doesn't stay above 10 (i.e., acquire shares, cover).
AALWatch for AAL hit of this line. This would be extremely bullish, if your entering make sure there is bullish volume🔥🔥🧠
AAL invalidatesMy count invalidated ~12.3. I give two scenarios I see. I'm leaning to a bearish outlook at this point.
American Airlines: Getting closer to demand levels Gonna rocket with upcoming news on successful covid-19 vaccine tests.
The more it stays side-trending in current levels, the more powerful pump will become, once price breaks out of curved triangular formation into safe range colored blue.
Anyways, zoom out to see where the green support zone comes from, because it is based on key lowest parts of the chart.
AAL - WEEKLY VIEWIT WOULD BE REALLY NICE IF IT WOULD DROP DOWN AND GIVE US BULLISH DIVERGENCE ON THE WEEKLY TIME FRAME. WE'LL HAVE TO SEE HOW LOW IT CAN GO TO DEVELOP IT OR NOT.
