mzombie2

AAL "LONG" possible double bottom

Long
mzombie2 Updated   
NASDAQ:AAL   American Airlines Group, Inc.
Airlines have been with so much bs that it has fallen extremely hard... weak earnings for AAL and Warren Buffet stating Berkishere has dropped all airlines stock from their portfolio. Although there is a great reason why this stock is performing horribly, I have the slightest belief that perhaps we see another bullish movement coming soon. There is no reason why it should go up, but my TA tells me it should and most likely will if we hold $9 or even gap up the next coming days.
The only concern I have with this long is the descending triangle formation, I find it very unlikely that we break out of it.. the only way I see this occurring is with a good PR stunt from Donnie Pump.. We have now had this low challenged since 2012 or so... great opportunity imo
Comment:
slight teeny weenie pump.. Friday is important!
Comment:
dumb ass stock :( lol, made some money with shares I bought but calls would have been amazing!
Trade closed: target reached:
expecting rejection at 18.40... if we break that hold positions!
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