Hello,
We have a bearish cycle whose floor has been reached to an extent of 461.8% at price level 8.50, I see very likely an asymmetric search for a double floor forming a typical reversal figure with fifth wave truncation to start after that its corrective wave A , probably bullish zig zag shape and correcting at least until its fibonacci 38.2%.
Cheers!!
NASDAQ:AAL
Let's wait to see if COVID-19 Uncertainty reduce,
Two things we need to watch out the market, ALL stock index expecting for more crush before V-SHAP recovery next 3-6 months, DJI Expecting crush again towards 20,000$ and NASDQ100 8500$ once this crush has done, good to buy airlines stock and all other stocks
Airlines are a tricky and complicated...