There are a lot of positions deep in their oversold territory now on the daily RSI and $AAL is there too.
RSI is at 14 right now and in between the 0.78 - 0.887 Fib support range.
Impulse wave does not change while the price action is still above the previous low from July, so if support can come in shortly, there is a return to the 200 Day MA at $13 and another attempt can be made to break out of this wedge and hold and resume along the Wave 3 projection.
Ragin_Savant
2025-03-14 15:19:50 +0000 UTC