The outlook for the airline sector, $XAL, as well as the individual stocks within that index, many of which appear to be offering very objective trade setups with above average gain potential. Note: If you click the settings icon (cog/gear icon), you have the option to increase the playback speed of the video (1.25x, 1.5x or 2x playback speed), effectively shortening the duration of the video.
I was asked my opinion on AAL (American Airlines Group) earlier today & figured that the chart was worth sharing. After breaking down from a Rounding Top pattern, AAL is close to backtesting the former support, now resistance level from below. A solid break above would be bullish, providing a long entry, while an objective short entry would come on either a backtest of the 45.75-46.00 resistance OR a solid break below the current rounding bottom (yellow curved trendline). AAL is an "unofficial" trade idea meaning that it will not be added as an Active Trade (long or short) if either [...]