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American Airlines Group Inc (AAL) “On a long-term technical basis, the stock (AAL) is trading below its 200-day moving average which generally implies it is in a negative trend. If the new level of support at 12.87 holds, look for a bounce to the next resistance level at 13.48. If the stock breaks up through resistance at 16.00 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.
The stock has support at 12.87 and 12.09. If the stock breaks down through support at 12.87 then it will probably continue lower to 12.09. The stock has resistance at 13.48 and at 14.16. If the stock breaks up through resistance at 13.48 then it will probably continue higher to 14.16. The 200-day moving average is at 15.92. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (59.29).”
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