well aal warned of smaller margins next year and the competition b/w airlines is of concern to some.
then u have things like oil, increased capacity etc that impact them.
from a technical standpoint, aal is oversold on the daily but the weekly looks like a rounding top forming. if the 42-43 support doesn't hold, there's no real support again until 30s.
hi kandunn. this closed outside the range today but wasn't confirmed with volume. eod candlestick is a hanging man which is bearish but needs confirmation. tomm will be more telling.
at key lvl 2120ish & bumping resistance at the upper trendline of a triangle. if it breaks to the upside, expect higher. otherwise it will fall back to lower trendline (2078ish).
hey, thanks. i went back & read ur post on the h/s. i had written about it as well, but on the trading board.
hi there, u can hedge a long position by selling calls & a short position by selling puts. another way u can hedge is by selling spreads against ur position (called cost reduction). finally, u can average up or down, but I wouldn't necessarily pick that option. those are just a few methods, there are others. hope that helps.
2 large h/s patterns. first one made it to prc tgt at 100ish. second one, prc tgt is 66ish with the halfway point being 89-90ish (that's also a support lvl). it's oversold & bouncing off the lower keltner band, but those are the lvls to keep an eye on.