After breaking down the uptrend channel, AAL makes a reversal in the last 3 candles. The last candle is crossing up EMA8 (as an early trend indication), combined with Breaking Out minor downtrend, we can consider a hint that a reversal might happen. But keep in mind that the target by breaking down the uptrend channel is at $9.09 - $9.36 (last low at $8.25). The weekly volume is good enough for a small reversal.
No divergence is shown in the weekly chart.
Daily Chart:
The end of the year has statistically been very good for NASDAQ:AAL . But, if we take a look at the chart: several daily gaps exist, the bull remains strong if the price can break out at $12.72. If you have enough patience, wait around the first gap to close ($11.89) or around the EMA21 area. If only the rejection candle appears and the oscillator remains providing a bullish bias, this stock might be one of the best choices for the end-year present.
The first target will be closing the upper gap at $14.08
That gap is one of the high volume node in the volume profile chart, Coincidence?