American Airlines Group Inc. ($AAL) Found Buyers After a Zigzag Pullback.

Elliott wave Forecast

Login
Start 14-Day Trial
You are here: Home / Stock Market / American Airlines Group Inc. ($AAL) Found Buyers After a Zigzag Pullback.

American Airlines Group Inc. ($AAL) Found Buyers After a Zigzag Pullback.

By

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of American Airlines Group Inc. ($AAL). The rally from 1.03.2024 low at $12.89 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:

Zigzag (ABC) Corrective Structure

$AAL

$AAL 1H Elliott Wave Chart 1.10.2024:

$AALHere is the 1H Elliott Wave count from 1.10.2024. We expected the pullback to find buyers against 1.03.2024 low at $12.89 in a 3 swing structure (ABC).

$AAL 1H Elliott Wave Chart 1.11.2024:

$AALHere is the next day 1H update, showing the bounce taking place as expected. The stock reacted higher after doing a Zigzag correction allowing longs to get a risk free position.

 

Elliott Wave Forecast

We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet,  Sign Up for Free 14 days Trial now and get access to new trading opportunities.

Welcome to Elliott Wave Forecast!

Back

Subscribe to our FREE Analyses Blog

Please complete this form to receive email updates and much more.
Contact Email  *
First Name 
Last Name 
*Required Fields