AL - Similar Double BottomsPlotting comparable double bottoms.
Following each double bottom roughly a 100% rise is witnessed.
I have plotted this rise with the bars pattern tool in green.
AL trade ideas
Air Lease gently climbOver the span of 342d Air lease is up 389% which averages out to just about a little over 1% growth per day for the year. The pervious range where price held above before it fell dramatically due to the shock the market went through during the start of Coronavirus lockdowns is now just a few dollars a way. Once it breaks above that previous high than we can look for a retracement and then push up towards the direction that the volume supports. A great area to look at for an entry depending on how the market reacts to this current price level.
AIR LEASE CORP Analysis DailyHey people, AIR LEASE CORP is in a bullish movement with an abnormal buy volume executed and a shadow with two traces on each side. In the TIMEFRAME M1 we see a breakage on the VWAP with a trace at the bottom larger than the one above with an unusual purchase volume. And a large volume of sales spent in the middle of a session great possibility of breakout the price going to recoup the losses of the last session. For past the most important resistance of that before first high which is the previous panic with the rebound on VWAP. Buyers may want to close the bearish breakout gap and a second resistance follows with little force to reach the next high.
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ObservationAs you can see an exponentian curve(sorry for the hand drawing) can be observed as a support trend line, for the resistance, its a linear trend line (ascending).
Based on simple math the probabilty for higher volatility for the upcoming months is big.
If the price drops close to the trend line its worth to give a thought about buying in, but take care of the news.
The author holds no position in the stock mentioned as of the time writing the artice.
Air Lease profitable in Q1As airlines continue to struggle to find their footing in today's current market Air lease is in a great position to provide aid to the airlines while also generating revenue. Their business model of owning over 300 aircraft that are being leased out to commercial and private airlines ensure that they are able to generate consistent cash flow while holding many of the assets on their on books.
AIR LEASE - AL - PERFECT SET UP Air Lease Corp or AL is seeing what could be a potential great long set up. 3 indicators converging into one set up:
- Price close to 50D EMA
- Price bouncing on Fibonacci level 0.618
- Price touching Trendline
Despite markets looking bad this week, this could bring some potential upside.
AL Testing Final Support Level Above 200 MATrade Background:
Price has been in a downward trend since the start of this year. This is due to the market pricing in less demand in flying due to the corona virus. For this reason price has fallen to key support just above 200 MA. Look for a swing to the topside of the trend as market sentiment recovers. Cut loss if price consolidates below 200 MA.
Trade Idea:
Entry: 42.50 to 44.00
Stop loss: 42.00
Great short opportunity!!!NYSE:AL wait for it to move sideways in the morning and then short below yesterday's low (35.64). if it goes straight down without bouncing first, then stay away from it.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Air Lease: It's Time To Get Into A Safe LongFriends,
We've seen dynamic resistance broken, higher structure highs, and we may now see the main resistance level broken as well. An open above 40.30's could symbolise a safe opportunity to get long in this stock with very low downside risk.
NOTE: I forgot to add something very important. We had really nice reversal rejection candles at the bottom of the channel range on the highest high, this is why I feel as though we may finally see the breakout. I apologise for not adding this on my chart.
Thanks
Tom
