a_tale_of_bulls_and_bears

AAL - 3 Long scenarios - Fly little bird, fly

Long
NASDAQ:AAL   American Airlines Group, Inc.
3 Long scenarios

Fundamentals
-

General
One scenario developing doenst invalidate the other. Would trade one after another if it should happen - or all at the same time.



Scenario 1 (Green arrow)

Target
Next resistance level (level 1).
Confluence with the 50% level of a monthly range.

Requirements
- Price closes above buy zone 1

Invalidation / SL
- No break under buy zone 1 AND creating lower swings

Time duration
Days, weeks, months, years... ;)



Scenario 2 (Orange arrow)

Target
Next resistance level (level 1).
Confluence with the 50% level of a monthly range.

Requirements
- Price dto buy zone 2

Invalidation / SL
- None, this is a possible longterm hold

Time duration
Days, weeks, months, years... ;)



Scenario 3 (Blue arrow)

Target
Next big resistance level

Requirements
- Break above level 1

Invalidation / SL
- None, this is a possible longterm hold

Time duration
Days, weeks, months, years... ;)



Good luck
Trade active:
Price reached buy zone 2 - Order was filled
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.