AAL D BY ART HILLChart 3 shows American Airlines (AAL) breaking out to new highs with a gap in late November. Yes, you know what is coming next. This new high means the long-term trend is up and declines are viewed as corrections within this bigger uptrend. The gap zone held from December to February, and the stock held above the broken resistance zone. AAL turned up last week and broke short-term resistance at 50.
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