Based on my analysis, AAL is currently rebounding off of a low we haven't seen since 12-13 months ago. That's over 52 weeks, which makes me weigh this level as a very strong support level. AAL is showing indications of bullish movement in the future as bearish momentum slows and others signals flag my attention. Will update if any new information changes my forecast.
Israel war completely threw off this analysis. Gas prices have squeezed AAL earnings and will most likely continue to do so until we can find another equivalent replacement sustainable gas supplier
TheCoconutty
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Long term still bullish
TheCoconutty
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-Again not financial advice, just practicing my analysis. What I missed was the fundamental analysis on this one. Gas prices have skyrocketed and other airlines have much larger margins compared to AAL, resulting in a large drop on earnings release date. Always calculate your risks.