American Airlnes: long possition
Hey Guys! I've been watching this stock for a while and it seems that it has reached its bottom. Besides, the situation with coronavirus is coming to an end in the future so when travelling normalizes this stock could shoot up.
The chart shows us that the price is in the limit of the moving average line (100) and the Fibonacci lines are quite unclear, either can the stock drop a little bit or it could start rising.
Apart from this, the fundamentals show that the stock is quite undervalued so it could mean a buying opportunity. The only problem could be the insolvency risk of the company due to the harsh economic situation that we are living in.
Hope you like it, comments are always welcome!
The chart shows us that the price is in the limit of the moving average line (100) and the Fibonacci lines are quite unclear, either can the stock drop a little bit or it could start rising.
Apart from this, the fundamentals show that the stock is quite undervalued so it could mean a buying opportunity. The only problem could be the insolvency risk of the company due to the harsh economic situation that we are living in.
Hope you like it, comments are always welcome!
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