AAL Testing $9.50 Support with Rebound to $13 Possible
American Airlines (AAL) is testing the $9.50 support level, with price consolidating around $10.05. There is a potential for a rebound from this zone as it coincides with prior support from early 2020. Volume is high, suggesting accumulation at these levels. The target of $13 aligns with previous resistance in late 2022. A stop at $9 protects from downside if the price breaks below support.
Risk/trade: 1%
Risk/portfolio: 10%
Risk/portfolio: 10%
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