American Airlines bull-run ends here.

The price reaches my stop-profit in the 21.60 area on April 19th.

A tight stop due to the proximity to the Earnings that I had talked about in the previous article.

There was no push in volumes since March 15, a slow decline that seems to have ended its run on the support trendline in the $ 20 per share area.

the RSI is oversold and has created a so-called reversal “pattern”, this could be an opportunity to re-enter. The problem is that both the Nasdaq and the S&P500 need a retracement, which could probably happen in May.

So at the moment, apart from intraday operations, I am not inclined to enter any swing trade.

Surely AAL has all the potential to get to test again the $ 26 and then the $ 30, but this could happen in a shorter or longer time.

In the event of a downward break of the resistance in the $ 20 area, the first interesting support is identified in the 17.71 area from the volumetric analysis.

An excellent trade, however, which gives me a 40% Gain in 2021 which, between ups and downs, is turning out to be positive.

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Lazy Bull

DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

Lazy Bull