AMERICAN AIRLINES IS GOING TO HELL !??

12 mag 2020

Dear Traders,

For my first stocks analysis i would like to show you what could be a nice opportunity with AAL !

Really simple chart but we don't need more !

Back on the 02th June 2008, remember it was the period of the World financial crisis (2007-2008), AAL hit its first lowest point at 2.36 $.

1 year later, AAL hit its second lowest point at 2.29 $.

From these two lowest points till the 1st February 2018 with a top at 52.98 $ ALL had a nice Uptrend !

But since this top AAL has been crashing & it seems it is going to hell now...

What thinking about this !??

Is it the right moment to buy the stock or is it better to wait a little more & find a better opportunity ?

In my opinion, I see 3 different opportunities to buy the stock with a long-term vision.

And one bad scenario that i don't really want but which is possible too !

1st opportunity :
If AAL extend its Downtrend & hit the first white line which is our first target with a low point at 6.99 $.
You could buy at this price level !

2nd opportunity :
If AAL hit the second white line with a low point at 4.45 $, You could check to buy the stock around this price level !

3rd opportunity :
AAL maybe could crash deeper and reach its lowest area between 0 $ & 3 $.
If this happen it will be the best entry point ever to buy the stock !

Now the bad scenario :
Ok so, if buyers decide to buy the stock massively in the next days or weeks.
I'm fucked LOL !

But let's be (optimistic) because of the COVID CRISIS, and the situation nowadays all around the world for the Airlines company, I really don't believe that AAL could rally soon again.

Remember also that Warren Buffet likes AAL (it's an undervalued company) !

In short, AAL could bring you a nice opportunity to buy it in the next
months !

So, be patient & ready for a nice opportunity !

I hope you'll like it !

Please don't forget to support me by a following & a like !

Take care !

Thanks & see you !