AAL Channel Continuation

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