AAL - Airlines recovery, BUY opportunity
Updated
We can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
Trade active
For now everything is going as planned. In case you did not catch initial move, now, here is an opportunity to jump in with S/L 21.50
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