Is America Airlines about to take off?

American Airlines Group, Inc.NASDAQ

Description

⋅ Jul 20, 2023 1:35 PM

With a 20% higher than expected earnings today and also raising future expectations...is American Airlines NASDAQ:AAL about to "take off" ? ✈️✈️✈️

EARNINGS RELEASED: Exp 1.59 / Rep 1.92 (20.6% higher than expected)

- Breaking diagonal resistance line
- Price peaking above the 200 week SMA
- Nice to see 200 week SMA slope up now (TBC)
- Ideally OBV to make a new higher high (TBC)

Pre-market coming in lower. Pull back to $17 before continuation would not surprise me. I would enter having established support on the 200 week SMA. I would be waiting here. An eventual rise to over head resistance possible.

Comments

TORNADOF5

⋅ Jul 25, 2023 11:44 AM

any idea why keep dumping :{

AMIT-RAJAN

⋅ Jul 20, 2023 7:39 PM

Nice chart nice idea! posted a good description too, thanks for sharing this idea