If the economy do re-open as soon as planned, the giant of the airlines industry could see a bullish up trend.
- Breaking up ⬆️ a 167 days accumulation range.
- Cup chart pattern formation.
- Price over MA200, MA50 indicators lines.
- $30 was the price before the pandemic plunge.
AAL American Airline found a strong support on 8/1 gannfan line where it got a huge wick rejection and was building up strong momentum since then. This is a deep pullback and now aslong as it will break 200 and 50 sma and retest those, AAL will continue up to at least 15.23$ level and then after breaking that to 1.618 fib levels 17.8$ target and even further to...