The Long Investor
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$AAL
🕑 Added 2025-05-13 16:21:30 +0000 UTC$AAL has now bounced from $8.50 to $12.35 since the start of April and moving back up to the 50 WMA and the descending wedge top line at $13
There is still a number of resistance levels in the way to confirm a reversal after such a strong pull back.
I am holding my position and feel comfortable with it as I believe the risk v reward massively favours the reward side here, especially when we get a hold above the 200 WMA at $14.
So I will be holding my position until this happens and we get out of the wedge, above the 0.78 Fib at $13.69 and above all important MA's....this will give us a strong signal that a new impulse wave can start again.
Comments
Kunit Stock Dog
Cap is #1
Kunit Stock Dog
I ride with cap
