Potential for a bounceIts sitting right on weekly support line. It could bounce here for a month or two. I would be it will retest low 30s.
AAL
AAL StraddleCall and Put orders for 1.5 week expiration. Price at important bidirectional zone, let the bulls or bears decide direction, it's in a squeeze.
Edit: Sold all puts, allocated to calls. Oil down, Airlines up.
Buy Oct-13-23 12.5 Calls @ 0.53 Limit to Open
My chart analysis on AALThis is my analysis on AAL. I feel like this could be a monster of a long call play.
AAL has plummeted in 10 weeksAAL has plummeted in 10 weeks
This chart shows the weekly candle chart of American airline stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the stock of American Airlines has maintained a relatively weak and volatile consolidation pattern after completing a small level double top pattern in March and June 2021. The low point in October 2022 just stepped back on the 0.236 position of the bottom to top golden section in the figure, completing the shoulder position of the large level head to shoulder! The stock of American Airlines has plummeted in the past decade and is about to hit its October 2022 low again! So in the future, we can use the low point in October 2022 as the watershed to determine the strength of American airlines!
AAL updateNo changes to our previous expactations. We consider LONG as base scenario.
Additional justification for a long position can be provided by the statistics of seasonal fluctuations in stock prices over the last 10 years (see on the screen picture attached). While at the current moment the price is down by 5%/
AAL - airlines are beat upAirlines have been decimated especially when you factor in the price of oil climbing over the last few weeks.
Margins being squeezed each day!
Long term support is being tagged in a very oversold 8 week selloff.
This could be a good R/R set up on the long side for a quick technical bounce.
Preparing for Takeoff ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AAL has been overall bullish trading inside the flat rising wedge pattern and it is currently approaching the lower bound / red trendline.
Moreover, the zone 12.5 - 13.0 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As AAL approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AAL trade planPossible trade plan based on straddle detected. Idea valid almost up to October, 20.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with
an ascending neckline extension. An anchored VWAP is added. Price is currently in the
deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow
coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside
in the area of the mean VWAP. The second target is the confluence of the July 10 pivot ,
the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red
line) at the area 12.5. This is about 35% upside. I will take this swing long trade and
investigate a suitable call option as well.
20% time to fly againAAL has consolidated very well at these levels, recovering some of the lost value. This correction creates an upward movement with a potential of over 20%, con una cuña expansiva y el precio terminando la estructura.
American Airlines is flying soonAccording to the Elliot Wave Count, there is a possibility that in the next few days, American Airlines will start to increase its price.
This price increase will be around 25% to 30% and the price target is between 19 and 22 dollars.
Ready to collect for long termFollowing weekly. American Airlines break the trendline and got getting confirmation. A nice one to collect for long term.
AAL Looks Good Fore Me To Buy Now As it shown on the chart my Entry price is 17.5
and my stop loss is Closing lower than 17$
the target is 25$
What do you think about NASDAQ:AAL
American Airlines preparing for takeoffBuckle your seat belts ladies and gentlemen...support forming at touch-point 5 along the up-sloping trendline. Primary target at $45 interest. This projection coincides with new airline markets opening, cancellation of first class seats in new ordered planes, and projection of oil rising over the next years--especially leading into elections.
Is America Airlines about to take off?
With a 20% higher than expected earnings today and also raising future expectations...is American Airlines NASDAQ:AAL about to "take off" ? ✈️✈️✈️
EARNINGS RELEASED: Exp 1.59 / Rep 1.92 (20.6% higher than expected)
- Breaking diagonal resistance line
- Price peaking above the 200 week SMA
- Nice to see 200 week SMA slope up now (TBC)
- Ideally OBV to make a new higher high (TBC)
Pre-market coming in lower. Pull back to $17 before continuation would not surprise me. I would enter having established support on the 200 week SMA. I would be waiting here. An eventual rise to over head resistance possible.
LUV is loving the summer vacation travel LONGLUV has been in a persistent trend up for a couple of months after lackluster earnings were
reported in early May with another due on July 27th. The airports have been quite busy
with vacation travel and Southwest has been part of that action. On the 1H chart, price has
been supported by the line two standard deviations above the mean anchored VWAP which
shows persistent relative strength in a rise of over 25% over two months. Price above the
POC line of the volume profile is another sign of buyer dominance. The MACD indicator show
the lines in parallel and above a positive histogram. The relative volatility indicator shows
sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $40 expiring on July 28th. On the last trading day, this contract had
a low of $ 0.36 and a high of $0.48 for a range of 33% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $480 for ten contracts
and the profit expectation is 100% over the next 15 trading days.
UAL United Airlines Pre Earnings LONGUAL has been in a persistent trend up for a couple of months after great earnings were reported
in early May with another due on July 19th. The airports have been quite busy with vacation
travel and UAL has been part of that action. On the 1H chart, price has been supported by
the mean VWAP and has oscillated to the one standard deviation line above that. I see a target
as 56.80 where the the second deviation lines above the mean aVWAP while placing a stop loss
just under the blue line of one STD above VWAP. The price is below the POC line of the volume
profile which should act as a magnet pulling the price higher. The MACD indicator shows 4
the lines in parallel and above the zero horizontal line with a positive histogram. The relative
volatility indicator shows sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $57 expiring on July 21st. On the last trading day, this contract had
a low of $ 0.95 and a high of $1.32 for a range of 35% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $1320 for ten contracts
and the profit expectation is 100% over the next 10 trading days.
Delta Airlines DAL Pre-Earnings PlayDAL has been ascending for two months now and has upcoming earnings. As can be seen
on the 2H chart, price has been consistently above the anchored mean VWAP since June 1st.
Price crossed over the POC line of the volume profile on June 26th. This is the level where
the most trading volume in the time range occurred. Above that line, buyers and their buying
pressure are dominant. The Zero Lag MACD shows the lines crossing and the histogram
going from negative to zero. I will take a long trade considering the earnings report anticipated
for July 13rd. For this, I will take a call option trade of ten contracts for the strike of $47.50
expirating 7/14th. On the last trading day, the contract had a low of $0.96 to a high
of $1.54 meaning a one-day increase of 60%. I anticipate a three-day return of
100% and expect the trade to cost about $1.54 x 10 X 100 or $1540 which is also the
profit expectation.
America Airlines (AAL) Starts New Impulse HigherShort term view in AAL (America Airlines) suggests the rally from 5.24.2023 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 16.78 and dips in wave ((ii)) ended at 15.92. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 16, wave (b) ended at 16.39, and wave (c) lower 15.92. This completed wave ((ii)) in higher degree.
The stock has turned higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16.32 and dips in wave (ii) ended at 16.11. The stock resumes higher again in wave (iii). Up from wave (ii), wave i ended at 16.49 and pullback in wave ii ended at 16.27. The stock resumes higher in wave iii towards 17.48 and dips in wave iv ended at 17.12. The stock extends higher in wave v towards 17.98. This completed wave (iii) in higher degree. Pullback in wave (iv) ended at 17.51. Up from wave (iv), wave i ended at 17.94 and pullback in wave ii ended at 17.67. Near term, as far as pivot at 15.92 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
American Airlines to find support at previuos resistance?American Airlines - 30d expiry - We look to Buy at 15.11 (stop at 14.51)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 15 now becomes support.
A higher correction is expected.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 16.61 and 16.91
Resistance: 16.40 / 16.72 / 17.00
Support: 16.00 / 15.70 / 15.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BILI*4+AAL*3+SNAP*3+ATVI*2+JCI -All my Trades in one chartThis is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in mind we aren't even in Stage 1 of the profit run. Each line represents where Volume and Price meet in the middle on every timeframe. When they are tight together it means all time frames between vol and price see eye to eye which isnt the easiest task. But this move is the setup for when Institutional lets retail take price to a profit target. I will post an image without the lines. But its important to see the relationship between these two things and across all the time frames where pockets of retail traders are waiting for their signals to be triggered. You can see their interest in these lines...Price will find support once it breaks free of the ribbon. At that point it is in stage 1 of the profit run.
by iCantw84it
06.13.23
AAL - Like An Eagle 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on MONTHLY: Left Chart
After rejecting the 26.0 resistance zone, AAL has been overall bearish.
However, AAL is now sitting around a strong support zone and round number 10.0
on WEEKLY: Right Chart
For the bulls to take over, we need a break above the last major high in gray.
Meanwhile, until the buy is activated, AAL can still trade lower inside the 10 - 12 support zone where we will be looking for short-term buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
American Airlines in an inverted head and shoulders.American Airlines - 30d expiry - We look to Buy at 13.54 (stop at 12.94)
A bullish reverse Head and Shoulders is forming.
13.36 has been pivotal.
Expect trading to remain mixed and volatile.
Bespoke support is located at 13.50.
We look to buy dips.
Our profit targets will be 15.04 and 15.34
Resistance: 14.30 / 14.76 / 15.00
Support: 14.00 / 13.87 / 13.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
