The Long Investor
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$AAL
🕑 Added 2025-04-08 10:22:37 +0000 UTC$AAL is another legacy sector leader that is at historical lows and all the way at its 0.887 Fib, which is taken from the GFC '08 Low and the 2018 High, this is in the middle of completing its full 17 year economic cycle.
It is a cyclical stock and effectively mimics consumer sentiment towards the economy.
Can it go down to the 2008 low, yes that can't be ruled out but can it also recover with the next bull market to Highs again and reach $58 again? yes it can.
For this reason I am holding and will consider adding once support is confirmed.
$NKE, $EL, $PFE, $AAL, $INTC are all offering very similar set ups.
Comments
Ben Smith
Love that the 0.887 is at 7.87 (dreamliner)
