AwesomeAvani

American Airlines AAL approaching an important level

Alış
AwesomeAvani Güncellendi   
BATS:AAL   American Airlines Group, Inc.
AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then

consolidated in a tight range and then a retracment trend up. Price has reached the top

of the high volume area of the volme profile. It is near to the standard Fibonacci retracement

zone tooled onto the chart. This zone from above rejected price on March 7 and 8.

AAL has had news of late about baggage problems but then came the news about an agreement

about expansion and remodeling at O'Hare in Chicago. I will watch AAL here, it make

break through the zone and then rise as much as 5%. However, it could be rejected and

5% into its support based out during the consolidation.
Yorum:
Sideways in price action. Holding full position.
Feragatname

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