Potential Bullish Elliott Wave B Correction for AAL?
197
Signs of confluence: 1) Bullish divergence on MFI (similar to RSI but factors in volume) 2) Touching low end of bollinger bands. 3) Looks like a squeeze on the MACD. Ready to cross in a direction.
Price target between $22-$24 (50%-76.4% Fibonacci retracement of wave A).