AAL Channel Continuation

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AAL looks to be in a near term uptrend channel. Largely due to recent upticks in travel #'s as we hit peak numbers of travel not seen since pre-COVID.

If inflation data next week doesn't heavy impact broader markets we should see a continuation of this uptrend. Negative impacts on oil/consumer spending from policy changes could be a break of this trendline and invalidate the trade.

Indicators
  • MACD turning
  • CCI at bottom of channel

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