AAl

Looks like this is approaching backtest of 123 low breakout @ 1070

Started with a bullish MACD divergence on the daily and now has a MACD bullish divergence on the weekly

Looking good for 1390

Any views??????

This has been a nice share since the 123 low breakout.

dl.dropboxusercontent.com/u/4899609/aal1stapril2015.png

Next real resistance is at 1277 but to go higher it has to clear the main down trend line which currently is at 1300. So plenty of strong resistance ahead still.

This is looking quite bullish IMO.

Divergences on the weekly look as if they are going to trigger further divergences on the monthly.

A break of the long term down trend line is also going to be very bullish (if it happens)

If this retraces to the 1100 area could be a H&S too so the neck line is the area to watch????


All in my very amateurish opinion obviously