As requested, my thoughts about AAL! 👍As @Bullishifter requested, I’ll analyze AAL today.
We have a consolidation in the 30min, but the pivot at 21.64 is a good breakpoint to watch next week. If it breaks it, the 22.88 is the next stop.
The 22.88 is the 38.2% retracement, and it’ll go there, at least, if it triggers the pivot.
On the other hand, we must lose the 20.90, as this might make it drop to the 19.60s. I don’t think it’ll, tho, because the RSI was very oversold, and we have some bullish divergences. Let’s pay attention to these points next week!
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See you soon,
Melissa.