Jun. 20 at 12:25 PM
$AAL FUNDAMENTALS - Just to name a few = Considerably more debt to Market cap, Earnings are healthy, too big to fail, revenue continues to increase long term, projection on people using flights are forecasted to increase long term. I do not like the debt ratio, hence the downward stock price trend. Aviation sector is in medium term decline. CHART ANALYSIS = Long term down trend. Key level 8.35 area. A break of 8.25, will have a very high proability of lower prices later. However, 8.30 area is a monthly accumulation zone, supply at 17/18 area. From high of 59.08, it is noticed on monthly RSI we have only seen one deep leg down to 8.35, indicating a proable deep A wave. Possible B wave to 26 area went up on declining volume, indicating its more so a wave B. The recent move down from 19.10 over the past few months, was on increasing volume. Indicating high proability of moves to lower prices. I would expect the low of 8.25 to be broken. Reccomend strategic accumulation at thsi zone.
