MarketMotion

BEAR TREND SINCE MARCH 2018 COMING TO A CLOSE

Long
NASDAQ:AAL   American Airlines Group, Inc.
Airline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and enjoy the ride.

Other sectors like utilities & cruise lines all have the same charts and patterns as they are moving in sequence. Make sure to choose the better companies of each sector.

I do not hold a position in AAL. My largest holdings at the moment are BA, PCG, and TLRY. - GL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.