BharatJhunjhunwala

AAL registering a breakout! How far it can carry?

Long
NASDAQ:AAL   American Airlines Group, Inc
American Airlines Group – AAL has resigtered a fresh breakout from a consolidation zone. The RSI on the daily charts is close to 72 levels, on the daily charts the big white candle closing above the kumo is an indication of strength. Further there is a kumo crossover as well that indicates strength. The stock is expected to move to 35 levels in coming sessions, entries can be planned between 30.15 – 29.45 levels on the flip side if the stock fails to break away and falls into the cloud again, then stops may be kept near 29 levels. The trade has a very good risk to reward ratio. Follow me on twitter @bharatj82

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com