American Airlines AAL - Distribution - Sell Rallies $37 target
Internal divergences at the recent highs are suggestive of a weakening trend and with high volume down days happening, there is distribution evident on the chart for AAL.
Note that the "range movement" has broken its trendline and is close to a 2-month low, which is a solid definition of a downtrend.
43 is ideal resistance from 12-days of time there.
Target 38-37 over the next month.
Tim 1:12PM EST 7/3/2014
HAPPY July 4th TOMORROW!
Note that the "range movement" has broken its trendline and is close to a 2-month low, which is a solid definition of a downtrend.
43 is ideal resistance from 12-days of time there.
Target 38-37 over the next month.
Tim 1:12PM EST 7/3/2014
HAPPY July 4th TOMORROW!
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