ZhabaHulk

Not expecting AAL back to $19 until October

Long
NASDAQ:AAL   American Airlines Group, Inc.
With all the uncertainty around the vaccine, especially its effectiveness, and the length of the time it took to get where we're now, I would not expect the airlines to return to the June's levels in the upcoming months; and to the pre-COVID numbers at least until April 2022.
I see, AAL tend to move in a parabolic manner, which would not be an exception this time as well.
I might be wrong as it always depends on a possible catalyst that may or may not spike the market aside of all the technical data.
One thing is for certain, the bankruptcy is not in the cards for ALL.

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.