Opening up play for holidays and summer
AAL shows a massive wedge down starting from april.
I will be keeping an eye on this but will be patient because i do believe we can go a little lower since the 200ma crossed over the 20ma on daily chart.
Using the RSI also, we are not as low as i'd expect so i believe we are going to go a little more lower with selling.
volume remains under the 10 day average.
For a short term trade idea:
Entry: 17/17.50
Sell: 20
SL: I would use a tight stop of 16.35-16.50 for a short term trade.
I will be keeping an eye on this but will be patient because i do believe we can go a little lower since the 200ma crossed over the 20ma on daily chart.
Using the RSI also, we are not as low as i'd expect so i believe we are going to go a little more lower with selling.
volume remains under the 10 day average.
For a short term trade idea:
Entry: 17/17.50
Sell: 20
SL: I would use a tight stop of 16.35-16.50 for a short term trade.