AAL Testing $9.50 Support with Rebound to $13 PossibleAmerican Airlines (AAL) is testing the $9.50 support level, with price consolidating around $10.05. There is a potential for a rebound from this zone as it coincides with prior support from early 2020. Volume is high, suggesting accumulation at these levels. The target of $13 aligns with previous resistance in late 2022. A stop at $9 protects from downside if the price breaks below support.
{
"direction": "Long",
"symbol": "AAL",
"interval": "1W",
"stop": 9.00,
"profit": 13.00,
"risk": 110.00,
"reward": 290.00,
"quantity": 100,
"score": 5
}