AAL is forming a symmetrical triangle near a key support level of $16.15 on the 30-minute timeframe. A breakout above the resistance at $16.85 could signal a reversal with upside potential toward $17.35.
Entry: $16.58 (Breakout confirmation)
Stop Loss (SL): $16.15 (Below support)
Target 1 (T1): $16.85
Target 2 (T2): $17.35
The narrowing triangle suggests momentum buildup; monitor volume for confirmation of the breakout.
Entry: $16.58 (Breakout confirmation)
Stop Loss (SL): $16.15 (Below support)
Target 1 (T1): $16.85
Target 2 (T2): $17.35
The narrowing triangle suggests momentum buildup; monitor volume for confirmation of the breakout.
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.
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.