Is AAL a good swing trade ? - Let review

25 Tem

Looking at the chart for AAL and based on its current pattern, the support levels are at $8.30. You can aim to take profit at $11.00 and then further at $14.00.

The company is currently experiencing a bumpy ride, but I believe this will be short-lived. At the mentioned levels, it's a very good opportunity for swing trades.(Profit % : Around 20%)

The RSI is at the bottom too, which indicates stock is gonna raise.

This graph is based on my observations. I encourage you to conduct your own analysis before investing or trading any amount in any stock.

Thank you

27 Tem

Not

I personally believe that a stock's movements are influenced by earnings, patterns, and news. For now, we'll focus on patterns since we can't control news or earnings.

The stock dropped below our previous support level of $10.92, indicating the next support is around $8.50. Although the stock might bounce now, it is likely to eventually return to the $8.50 range.

A smart approach to entering this trade is by starting to accumulate the stock from $9.

This graph is based on my observations. I encourage you to conduct your own analysis before investing or trading any amount in any stock.

Thank you