Shares of American Airlines (NASDAQ:AAL) continue to fall lower, along with the rest of the airline sector. Based on pure technical charting analysis, there will be more downside in the coming month. The stock should bottom based on cycle calculations in mid-to-late August at a price point of $30. Upside off this major buy trigger price is 50%. Big hedge fund managers and top traders are looking to accumulate a position in this $30 range.
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