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LukeSkywalker

Look Up Into The Sky - AAL TARGET UPDATE

Long
American Airlines Group, Inc. (NASDAQ:AAL)  
LukeSkywalker Updated   
NASDAQ:AAL   American Airlines Group, Inc.
Wave Analysis AAL airlines SPDR S&P 500 ETF (SPY) aallong aalprediction airlinesstock boeing DOW DJI
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waveanalysis aal airlines spy aallong aalprediction airlinesstock boeing dow dji
What we have here is as typical Wedge pattern with the (E) wave ending at around 11-10 USD.

To confirm this movement we have our CCI indicator which seems to indicate that its losing steam on the downtrend.

And to all the haters saying the airline industry is gonna go bankrupt. The federal loans disagree with you.

If you want to buy, now is the time.
Comment:
On the 4H timeframe. The MACD and wave patterns suggest the same. It will maxiumum go to 10.60 USD before bouncing.


snapshot
Comment:
AAL has gone above the wedge and closed with a 4H candle above. If it closes with a daily candle above the wedge, the signs are very bullish. Glad we bought the bottom.

snapshot
Comment:
Houston we have liftoff.

snapshot
Trade closed: target reached
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