AMERICAN AIRLINES BREAK OUT
Updated
After 14 days of laterality, where the price tried 4 times to break the barrier of $ 22.50, on Friday American Airlines (AAL) gave a sign of strength, breaking the resistance and closing the session at 23 , $ 37 per share.
The trend is confirmed as bullish, obviously correlated to the trend of oil (which I will analyze in another article) and vaccines.
In the next week we will see if the stock manages to break the resistance trendline in the 23.68 area, if it does not, there could be a pullback on the 20 EMA or on the support trendline, which would represent a good buying opportunity.
The first price target for me is and remains $ 30, which is the price that AAL had at the beginning of February 2020, before the collapse caused by COVID-19.
Lazy Bull
𝗥𝗘𝗔𝗗 𝗖𝗔𝗥𝗘𝗙𝗨𝗟𝗟𝗬 !!!
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
The trend is confirmed as bullish, obviously correlated to the trend of oil (which I will analyze in another article) and vaccines.
In the next week we will see if the stock manages to break the resistance trendline in the 23.68 area, if it does not, there could be a pullback on the 20 EMA or on the support trendline, which would represent a good buying opportunity.
The first price target for me is and remains $ 30, which is the price that AAL had at the beginning of February 2020, before the collapse caused by COVID-19.
Lazy Bull
𝗥𝗘𝗔𝗗 𝗖𝗔𝗥𝗘𝗙𝗨𝗟𝗟𝗬 !!!
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Note
*23,37
Check my PnL and much more ----> Website
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.