American Airlines Group - AAL - Hold

May 7, 2020

AAL

Technical Analysis:
Wait signals to go short (As per major trend)
Let's wait for one more day to check if the price will close below the support line to confirm a potential breakout point; i.e. a downward penetration of the support line. (Go short) - this Idea is supported by the Fundamental Analysis as well.

I would not be so confident to go long. It is still a possibility as the price could bounce back on the support line (against the fundamental).

2008 PRICE LEVEL WAS 1.75 USD circa and aircrafts were flying - the current crisis should be worst than the 2008.