Internal divergences at the recent highs are suggestive of a weakening trend and with high volume down days happening, there is distribution evident on the chart for AAL. Note that the "range movement" has broken its trendline and is close to a 2-month low, which is a solid definition of a downtrend. 43 is ideal resistance from 12-days of time there. Target...
SAVE and LUV looking good also, OIL will pressure stocks and market
Stock had nice reversal on 15th of April that had one day follow through. regained support at 35.29 that was intact since the beginnig of March. Today it went through previous high of the day and gave us entry at 35.80 with stop below 35. Break up above downtrend line could lead us to 38 resistance zone which could be our first target then we have all time highs...
Still OB but that's one heck of a turnaround with rest of the sector