$AAL A possible 6 dollar trade
American Airlines Group, Inc.NASDAQ
Description
⋅ Bullish wedge, IHS
If traded the right way. This setup lines up a possible 6 dollar trade.
AAL is coming out of a classical bullish falling wedge by breaking falling trendline - after making a bear flag.
Price is now being stopped at dashed trendline setting up a neckline for a possible IHS.
If neckline breaks...
Target will be at the upper trendline....on the 4h chart.
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Comment
⋅ Right shoulder is now in and challenging the IHS neckline
Trade closed: target reached
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