Bubu_

AAL False Breakout of September Channel

Short
NASDAQ:AAL   American Airlines Group, Inc
As AAL is stuck in a decending Triangle it looked hopeful on Thursday for a breakout. Unfortuntly the market did not agree forcing it lower for the month.

AAL will now open in the middle of the September channel.

Depending on market open reaction I expect it to test the restances at 19.66 19.83 - or - test the support at 18.94. There should be a Reversal play either way.

The big support can be found on the monthly at 18.27 Alerts

Ultimatly I am looking to short to complete the daily triangle soon.