AAL +3% Play - Bullish Gap Fill
American Airlines (
AAL) is showing signs of strength as it attempts to break above recent resistance. The price has been consolidating and is now pushing higher, indicating a potential move toward a gap fill.
Bias: Bullish
Target: $17.73 (~2.31% gain from $17.33)
Entry: Watching for a confirmed break and retest of resistance
Indicators: Momentum increasing, price structure improving
If the breakout sustains, a move toward the gap fill zone is possible, but I am conservatively targeting $17.73.
If the gap fills to $18.50, the potential percentage gain from $17.33 would be approximately 6.75%.
AAL) is showing signs of strength as it attempts to break above recent resistance. The price has been consolidating and is now pushing higher, indicating a potential move toward a gap fill.Bias: Bullish
Target: $17.73 (~2.31% gain from $17.33)
Entry: Watching for a confirmed break and retest of resistance
Indicators: Momentum increasing, price structure improving
If the breakout sustains, a move toward the gap fill zone is possible, but I am conservatively targeting $17.73.
If the gap fills to $18.50, the potential percentage gain from $17.33 would be approximately 6.75%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.