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Aug 21, 2018 2:43 AM

NDQ: AAL American Airlines 28 day ascending triangle  Long

American Airlines Group, Inc.NASDAQ

Description

NASDAQ:AAL the 28 day ascending triangle is not a very strong trend that i will usually trade. There's a strong resistance at $40.47, if we manage to turn this resistance into support, I target at $44.13.

Stop-loss: $37.78

For safer entry, a break with confirmation above $40.47 will give a better risk reward.

A break below SL will nullify this bullish take.

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