What we have here is as typical Wedge pattern with the (E) wave ending at around 11-10 USD.
To confirm this movement we have our CCI indicator which seems to indicate that its losing steam on the downtrend.
And to all the haters saying the airline industry is gonna go bankrupt. The federal loans disagree with you.
If you want to buy, now is the time.
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On the 4H timeframe. The MACD and wave patterns suggest the same. It will maxiumum go to 10.60 USD before bouncing.
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AAL has gone above the wedge and closed with a 4H candle above. If it closes with a daily candle above the wedge, the signs are very bullish. Glad we bought the bottom.