The Long Investor

$AAL - WATCHLIST -

Added 2024-12-24 12:40:02 +0000 UTC

Ask and you shall receive.

We have been patiently waiting for a pull back here since breaking out at the start of December and the grounding of all $AAL flights by the FAA today due to a 'technical difficulty' is likely going to be that catalyst to bring the price down to the levels we have been waiting for

The wedge breakout level cuts between the 0.38 Fib and 0.5 Fib between $14.69 and $13.62, so this is where we want to see a retest and hold, achieving this and it is a very simple and clear add for me.

I only have one Buy so far so I won't be trimming to add lower, I am happy to hold my position throughout the pull back.

Reuters:

American Airlines AAL on Tuesday grounded all its flights in the U.S. due to an unspecified technical issue, according to the company and a notice on the Federal Aviation Administration website.

Shares of the carrier were down 3.8% before the bell.

"An estimated timeframe has not been provided, but they're trying to fix it in the shortest possible time," the company said in a post on X, responding to a question from a stranded flyer.