AAL to $17My trading plan is very simple.
I buy or sell when:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes above it's Bollinger Bands
* Price at Fibonacci levels
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at bottom of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
Money flow momentum is spiked negative and under over at bottom of Bollinger Band
Entry at $15.67, buying shares from here to $15.50
Stop loss is $15.00
Target is $17 or channel top