American Airlines (AAL) - Channel trade AAL through reversal
Clear as day reversal from AAL's 52-week low. Evident bounce from the low back in June of 2016. $27.05 has historically been a very strong support for AAL. Increased consumer spending and lower volatility in terms of oil has produced a positive story for the undervalued airline company.
Current trade set-up - Short term target of $33.15 (13.5% upside) in 1-2 weeks. Channel trading in a vary narrow range.
Return to max tentatively april of 2020 for AAL. Up to Boeing to deliver at this point. Any additional news of Boeing returning 737 Max to operation will give AAL higher upside.
Current trade set-up - Short term target of $33.15 (13.5% upside) in 1-2 weeks. Channel trading in a vary narrow range.
Return to max tentatively april of 2020 for AAL. Up to Boeing to deliver at this point. Any additional news of Boeing returning 737 Max to operation will give AAL higher upside.
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