American Airlines Group Inc

The last 4 years have been brutal for American Airlines. That’s about to change, time to get onboard (I’ll get me coat… )

On the above 10-day chart price action has collapsed 70%. A number of reasons now exist to be bullish, including:

1) Price action resistance breakout.

2) A ‘incredible buy’ signal prints.

3) RSI resistance breakout. Followed by the RSI falling wedge breakout. Excellent.

4) A Dragonfly DOJI candle printed on the monthly chart (below) as price action consolidates within a falling wedge pattern.

Is it possible price action falls further? Sure.

Is it probable? No.


Entry: $20 and above.
Stop: $16
Target: $34

Good luck!

WW

Monthly chart

Trade active:

New target: $55

Trade active:

Massive dragonfly DOJI candle prints on the monthly chart. Should be Jet A1 but this is rocket fuel.