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vf_investment
Mar 29, 2022 3:34 PM

AAL POSSIBLE SHORT OPPORTUNITY Short

American Airlines Group, Inc.NASDAQ

Description

We can see the price touch the horizontal resistance and 200 EMA. Stochastic oscillator shows overbought market conditions. Therefore, we are expecting the price to drop and make another lower low, however we recommend taking profit at 12,71 $ .
Invalidation above 19,60 $

Comments
ismartinvesting
It's always a possible short with aal but in general the economy should retest the dec 2019 trend line before were long again... earnings are going to be solid all around for most stocks even apple, but stocks are going down on qualified earnings at that... we're going to be stuck in a rut for a year i betcha !
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