AAL : Booked a profit of about 13.44% on the invested capitalI did close the position yesterday for a profit of 13.44% on the invested capital. I'll be closing positions in US market aggressively in the coming days since I expect the US market to crash any moment.
I'll consider a re-entry if and only if price falls back to the low of the ascending channel.
📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
1AAL trade ideas
AAL is still falling.As we can see on the daily timeframe, starting from June 2, the price began to fall. On June 18, the price began to rise, if on June 19 the growth continues, we can assume that the price found its support level from which it rebounded and began to grow. If the growth continues, it is possible that the price will again reach $ 25.78. If the price continues to fall, it could drop to $ 20.76 or $ 20.
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Good luck and big profits.
AAL registering a breakout! How far it can carry?American Airlines Group – AAL has resigtered a fresh breakout from a consolidation zone. The RSI on the daily charts is close to 72 levels, on the daily charts the big white candle closing above the kumo is an indication of strength. Further there is a kumo crossover as well that indicates strength. The stock is expected to move to 35 levels in coming sessions, entries can be planned between 30.15 – 29.45 levels on the flip side if the stock fails to break away and falls into the cloud again, then stops may be kept near 29 levels. The trade has a very good risk to reward ratio. Follow me on twitter @bharatj82