As you can see, a nice bullish symmetrical triangle has formed on the chart recently, and you can also see some double bottom patterns before and recently it bounced off the double bottom. This was due also because of the catalyst of Ford beginning their production again once more. One very interesting thing, however, is that the COO(Chief Operating Officer)...
Seeing now that warren buffet has caused many to sell at panic American Airlines has become a great price for traders to take advantage of. The Double Bottom pattern shows a clear buy signal and people should take advantage of this easy investment.
The stock price is going up to previous resistance while also hitting the top of the fib retracement, however, since it did go over the 50 day sma line i think it could also go up to the 200 day sma line. However, I still am bearish on the market since headlines for the market will most likely cause it to fall as well as companies filing for bankruptcy and the...
