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American Airlines AAL approaching an important level
American Airlines Group, Inc.
Long
American Airlines AAL approaching an important level
By AwesomeAvani
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Updated
Mar 25
5
Cheer
Cheer
1
1
Mar 24
AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then
consolidated in a tight range and then a retracment trend up. Price has reached the top
of the high volume area of the volme profile. It is near to the standard Fibonacci retracement
zone tooled onto the chart. This zone from above rejected price on March 7 and 8.
AAL has had news of late about baggage problems but then came the news about an agreement
about expansion and remodeling at O'Hare in Chicago. I will watch AAL here, it make
break through the zone and then rise as much as 5%. However, it could be rejected and
5% into its support based out during the consolidation.
Mar 25
Comment
Sideways in price action. Holding full position.
AAL
airlinestocks
Fibonacci
Fibonacci Retracement
JBLU
JETS
LUV
UAL
Volume
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