AAL: The battle between Good and Evil.

30 Mar 2020

AAL has been suffering quite some drama lately, here is the full scope of things

30 Mar 2020

Not

Do you notice the basic chart pattern??

school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:double_top_reversal

See it now? If you don't, please tell me. I don't know what I'm doing.

It seems AAL was going down ANYWAY and is just the beginning of a super bearish momentum... but let's zoom in and see what's been happening..

30 Mar 2020

Not

Overall it really seems that EVIL is winning this fight.



Notice that tight triangle in the complete bottom of the retracement.
Definitely downtrending.

EVIL - 2 | GOOD - 0

30 Mar 2020

Not

This is the most recent trend.
I start it from Feb, 20.
News news news, and down it kept flying..

As i watched it about two weeks away, the trend became very spotty and difficult to understand. I hope you can see how clear that is here...



Now we apply some indicators for the most recent month...



CCI indicates a change is imminent.
RSI shows downtrend still has more time,
I believe that'a also clear in the fact that the price moved down to under into that gray zone there...

but this... this is what i believe will happen next...

DUM DUM DUM...B......



As i mentioned earlier it seems that there is still an opportunity for it to fall a bit more.. and a bit more can easily snowball into a LOT more..

EVIL - 3 | GOOD - 0

oh wait, there was a bill passed to allow for some money pumped..
I don't really think it matters (remember I'm an ignoramus).. but I KNOW markets like that, even if its for a small upswing.. so ...

EVIL - 3 | GOOD - 1

Buuuuuutt, a quick google'n


" American Airlines Group Inc. AAL, -10.34% announced late Friday additional capacity cuts.The airline said it will suspend 60% of its capacity in April as compared to the same period in 2019, and is planning to suspend up to 80% of its capacity in May compared to May 2019. "

So.. by the same logic..

EVIL - 4 | GOOD - 1

now, all of that is just my quick look see..
let me do a little more lookin..

30 Mar 2020

Not

This simply can't be any good...

30 Mar 2020

Not

Here is the most recent chart for your analysis...
You'll notice volume was higher than normal for the week between the beginning and end.. I guess that's normal, but it ended in green.

EVIL - 4 | GOOD - 2

it's entering new territory with the highest price on the lowest line from the from week before. Not a good sign.

EVIL - 5 | GOOD - 2

30 Mar 2020

Not

Well... heres my final forecast.. everything im reading is proving that the short term is going to EVIL..



Let's see how the week goes..