AAL Short

tc7787 Updated   
NASDAQ:AAL   American Airlines Group, Inc.
It failed to breach 33.30 mark despite repeated attempts. I believe there will be a short term down move to retest 32.30 level before any bounce back. If breach occurs I would expect a further downside towards 32.10 and below.
Another well played scenario support kicked in at 31.50, giving a nice consolidation. I believe at these levels another boost may kick and and AAL may get out from this downtrend and move towards 35 dollar levels. But it is essential for it to get out and have a consolidation out of this channel.

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