American Airlines Group IncThe last 4 years have been brutal for American Airlines. That’s about to change, time to get onboard (I’ll get me coat… )
On the above 10-day chart price action has collapsed 70%. A number of reasons now exist to be bullish, including:
1) Price action resistance breakout.
2) A ‘incredible buy’ signal prints.
3) RSI resistance breakout. Followed by the RSI falling wedge breakout. Excellent.
4) A Dragonfly DOJI candle printed on the monthly chart (below) as price action consolidates within a falling wedge pattern.
Is it possible price action falls further? Sure.
Is it probable? No.
Entry: $20 and above.
Stop: $16
Target: $34
Good luck!
WW
Monthly chart