NASDAQ:AAL price is testing 2010 highs which proved to be a resistance level during the 2019-2020 global health crisis. As the bearish momentum is strong on weekly charts for the stock and the overall market, American failed estimated revenue by (0.18%) on a 43% overestimated Q3 earnings report, Daily price action and momentum are showing a stabilization pattern for NASDAQ:AAL price.
This backs the idea that the price is entering a range to build a medium-long term position.
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[img][/img] Part of this position is still covered by a trailing stop.