Has AAL been cleared to land?

AAL price is testing 2010 highs which proved to be a resistance level during the 2019-2020 global health crisis. As the bearish momentum is strong on weekly charts for the stock and the overall market, American failed estimated revenue by (0.18%) on a 43% overestimated Q3 earnings report, Daily price action and momentum are showing a stabilization pattern for AAL price.

This backs the idea that the price is entering a range to build a medium-long term position.

Trade fermée manuellement:

Part of this position is still covered by a trailing stop.