Price had hard time to push above the red zone, main over head resistance, and we see a good chance to see $41 before we breakout a new high for the year. If you need real time alert try us www.2waytrading.com
AAL is looking like it is on track to drop to between $28 and $25 per share middle to end of October (before the earnings report). As the head and shoulders pattern has been completed (passing an averaged neck line : $36-34) and then continued downward, I believe it is a strong position to assume the bottom will be reached soon.
Even if the price falls below $25...
American Airlines hasn't really flown any friendly skies in this chart... Lots of volatility, but chart is very discernible & predictable. I think very nice swing opportunity long swing opportunity will present itself around 33.35
Shares of American Airlines Group Inc. (NASDAQ:AAL) have come under pressure the last two weeks even as the price of oil has dropped. This drop in oil should help American Airlines Group Inc. (NASDAQ:AAL) as it cuts their fuel prices, helping their bottom line. The stock has now created a "Head and Shoulders" top pattern on the daily chart. If this chart pattern...
Kiplingers had an article on airline stocks that opened with "There's an old wall street joke about how to end up with $1 million worth of airline stocks...Start with $10 million."
"In 2000, nine airlines controlled about 80% of the U.S. markets. Today, just four companies control about the same percentages."
Looking at the major players American Airlines...
we see patarn of 1122 twice bottom twice high for down.
also you can see how 40.99 changed from support to resistance point
+ to make it sure look at the MACD how he exactly start to fall under the MA line( IN THE BOTTOM OF THE SCREEN)
