AAL price is testing 2010 highs which proved to be a resistance level during the 2019-2020 global health crisis. As the bearish momentum is strong on weekly charts for the stock and the overall market, American failed estimated revenue by (0.18%) on a 43% overestimated Q3 earnings report, Daily price action and momentum are showing a stabilization pattern for AAL price. This backs the idea that the price is entering a range to build a medium-long term position.
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[img]Part of this position is still covered by a trailing stop.
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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.