Bullishcharts

$AAL American Airlines Chart Analysis

NASDAQ:AAL   American Airlines Group, Inc.

Lets look at the big picture as the action on the daily chart is such a mess.
The stock is within a well respected congestion channel since early June, with the Anchored
VWAP and Middle Bollinger Band also as resistance.
Further resistance comes from the 0.283 fib level @ $13.80.
Hopeful longs have continually got punished in this stock regardless of
stimulus newsflow, the safe option is to trade any rally rather than position for it. The channel breaks
above $15.00 with $17 as the next resistance

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