AAL - Elliottwave analysis - Sell on bounce - swing tradeAAL - It is in WXY correction and Y is in progress after triangle X wave finished earlier. The drop seems wave A of Y down and B wave up expected corrective, which is good opportunity to sell it down for target below 9 value. The stop level for the trade is 13.30 and sell entry should be between 11.70-12.35 zone.
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A1G trade ideas
AAL on watchAAL has provided a couple loading zones during this pandemic. Recently price target cut, rating to strong sell and poor performance might let it reach lower lows (at loading trucks). Consider watching this strong support area for a short bounce swing play. Only enter if reversal is confirmed. Thank you.
AAL Earnings playEarnings tommorow before market open.
I put an order for some put options that expire this Friday at strike price of 12.00. They cost me 0.13 each contract.
I am presuming that earnings is going to be bad and there is perhaps room for movement on the down side. Either way, If there is movement to the downside, I will try to buy and accumulate shares on AAL which are long in the (3+) year range.