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ContraryTrader
Mar 14, 2023 7:06 PM

AAL triple top Short

American Airlines Group, Inc.NASDAQ

Description

Triple top here..


Short back to 13.20 first target. I expect a dead

cat there before final target of 12.30

200sma at 14.40 (Gold wave) things should drop quickly below that
Comments
ismartinvesting
Good call. Looking at some $18 calls for august now ! Airlines tend to do well threw the summer, don’t think we’ll se much of $13 prices from here. Expect $15 plus end of month.
ismartinvesting
What you think about entering in short here ? Feds raising rates tmrw and stocks oddly up today for a sell off tmrw… also vix is holding strong support
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