AAL - Taxi Underway for Take Off Position

19 พ.ย. 2023

AAL Time for Departure?



Can you spot an interesting spot in the chart?

Weekly Chart:


After breaking down the uptrend channel, AAL makes a reversal in the last 3 candles.
The last candle is crossing up EMA8 (as an early trend indication), combined with Breaking Out minor downtrend, we can consider a hint that a reversal might happen.
But keep in mind that the target by breaking down the uptrend channel is at $9.09 - $9.36 (last low at $8.25).
The weekly volume is good enough for a small reversal.

No divergence is shown in the weekly chart.

Daily Chart:

The end of the year has statistically been very good for AAL .
But, if we take a look at the chart:

several daily gaps exist, the bull remains strong if the price can break out at $12.72.
If you have enough patience, wait around the first gap to close ($11.89) or around the EMA21 area.
If only the rejection candle appears and the oscillator remains providing a bullish bias, this stock might be one of the best choices for the end-year present.

The first target will be closing the upper gap at $14.08


That gap is one of the high volume node in the volume profile chart, Coincidence?