AAL idea
American Airlines has been bearish since 2018 and quite choppy over the past year. We managed to get in early an early entry on the 1st of June last year and it realized within 10 days (see below). The company's prospective is still not solid even though the recent earnings beat expectations. With the furloughs, lockdown restrictions, finance and debt repayment constraints, the company is faced with a difficult job ahead of them.
However, its load factor and efforts to restructure can be seen as a good attempt to some extent. The vaccine developments and distributions have been also positive. The price is above the 200MA and slightly on the 50MA. I would ideally like to see a strong breakout at this long downtrend ($21 level) or have it back around the $14 level for me to add it on my watchlist again. Those who are already in should hold and others must just wait patiently.
However, its load factor and efforts to restructure can be seen as a good attempt to some extent. The vaccine developments and distributions have been also positive. The price is above the 200MA and slightly on the 50MA. I would ideally like to see a strong breakout at this long downtrend ($21 level) or have it back around the $14 level for me to add it on my watchlist again. Those who are already in should hold and others must just wait patiently.
Aviso legal
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