Technical Pulse: American Airlines Group Inc August 29, 2019 226

Support 1: 24.00                     Resistance 1: 27.04


American Airlines has been on a strong downward trend since the high of January 2018. On 14 August 2019, it broke below the psychological low of 27.00. We believe American Airlines may have a chance for a short-term rebound based on the technical indicators below:

  • Bullish Engulfing pattern formed above psychological level of 24.00 and strong closure above 127.2% of the Fibonacci extension level.
  • Falling Wedge Formation
  • Stochastic Oscillator indicates a potential oversold crosses.
  • RSI Bullish divergence.



Moving Average

Red dotted line = 200 SMA

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