American airlines has formed what appears to be a triangle pattern that usually breaks bullish, however, the oscillators on the monthly chart seem to indicate that more selling is instore.
Triangle pattern Hidden bearish divergrnce Rejection at critical resistance.
It’s soon for shorting it, you’ll burn now, it’s going to top of the channel at 21-22 first, then we will see, when it hit that level then oscillator will be corrected and you will not see bearish divergence anymore, we are in middle of month now, too soon for monthly analysis. Just my idea, GL
holmes.michael.p
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@shkspr hey thank you for your analysis. i appreciate it. sorry i took so long to get back. im watchin AAL.
Just my idea, GL