Peet_Serfontein

AAL: gearing up for a re-bound?

Long
BATS:AAL   American Airlines Group, Inc.
A price action above 14.00 supports a bullish trend direction.
Further bullish confirmation for a break above 15.00.
The target price is set at 16.00 (its 200-week simple moving average).
The stop-loss price is set at 14.00 just below its 38.2% Fibonacci retracemenet level and its 200-day simple moving average).
Earnings announcement might create additional volatility.

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