The Long Investor

$AAL - WATCHLIST -

Added 2024-05-06 18:22:10 +0000 UTC

We have all seen by now how well airlines stocks can run when they are run well and when both the technicals and fundamentals align undervalued.

$AAL is not as strong as $DAL fundamentally and the share price reflects that right now as it has not started its bullish run yet.

But saying that, it is in a good position now to reverse.

American Airlines is one of the Top 3 carriers in the US and has a strong footprint for international travel, which often carries the profits for airlines.

Price has managed to stay in the wedge here and bounced 6% today, a hold in the wedge and it can test the top of the wedge next at $16.25, a breakout here and Wave 3 will show strong signs of starting.

I would not be against moving my entire $DAL position in here if I see this happening.