From TradingView · · 50s
AAL Bullish Gartley Trade Setup
American Airlines shows high-conviction bullish reversal pattern with targets up to $18.50.
In brief
American Airlines shows high-conviction bullish reversal pattern with targets up to $18.50. American Airlines' Bullish Gartley pattern targets $15.30, $17.00, and $18.50 with $10.30 as invalidation. Originally reported by TradingView.
Bullish Gartley Pattern
American Airlines shows a Bullish Gartley harmonic pattern near reversal area.
Trade Entry Details
Entered trade yesterday with high conviction based on technical indicators aligning.
Reversal Area and Targets
Potential reversal area: $11.80, $12.30 with targets at $15.30, $17.00, and $18.50.
Invalidation Level
Invalidation at $10.30 if price breaks below this level.
Fundamental Considerations
Record quarterly revenue but elevated fuel costs and debt remain concerns.
Earnings Impact
Third-quarter earnings report due October 22 introducing near-term event risk.
In short
American Airlines' Bullish Gartley pattern targets $15.30, $17.00, and $18.50 with $10.30 as invalidation.
