The 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
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
Trade attivo
New target: $55Trade attivo
Massive dragonfly DOJI candle prints on the monthly chart. Should be Jet A1 but this is rocket fuel.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.