American Airlines 3 MonthAll,
I am sure everyone is watching AAL for a ultra long once they know where the bottom is. Personally I think that buttom is around $7.15. They are in a decent spot right now as far as support goes. However, we need to see if it can sit here. I think COVID-19 is of course playing a massive role in this. I don't see AAL disappearing, if anything maybe bought out which would be a good thing. I think the President (white house one) lol, will help bail them out etc.
The worst case would be some type of split or weird shift in the company. Assuming trade war continues.. we could see more economic collapse and it drop to 5 dollars or something. I think the question now though is even if you bough shares at 9 dollars it drops to 5 dollars you lost half your money... but will it return to 18 dollars? Yes. I think eventually AAL will minimum hit 15-18 dollars in the next year or so. Not saying 9 is the best buy in, since there is some significant resistance. However, TA means nothing if good news on the world reopening + some smart company choice on dealing with recovery.
I think Lows $5-7.50 range.. but the returns will absolutely be ridiculous once this is all over with. Say 5 years from now trade war is over, the market corrections (for real).