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AAL INVERTED HEAD AND SHOULDER ON PLAY WITH A MINOR PULLBACK

Long
American Airlines Group, Inc. (NASDAQ:AAL)  
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NASDAQ:AAL   American Airlines Group, Inc.
Trend Analysis Chart Patterns Wave Analysis AAL americanairlines nasdaq usstocks traderchamp profitlio profitliotrading
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trendanalysis chartpattern waveanalysis aal americanairlines nasdaq usstocks traderchamp profitlio profitliotrading
AAL did a nice neckline breakout after the inverted head and shoulder formation. We are expecting a minor pullback towards the highlighted zone to retest and accumulate more buying pressure. If the pullback range holds the sell-off above the level which can support a nice bullish reversal, then we can expect the trend to continue upside down and complete the structure.

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Comment:
The price of AAL can retrace back close to 38% on the Fibonacci retracement.
snapshot
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