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Charts and Metastock: |
AMR Corporation (AMR). The Group's principal activities are to provide scheduled passenger airline and airfreight carriers throughout the world.
AMR is a classic example of a technical breakout. Demand is stronger than supply and resistance at $11.65 is now support. The price action suggests the bulls are in control of the stock. Buy at the open with no fear at all, stopping the trade if we have a close under $11.65 (that would signal a false breakout, we must always be carefull and consider this possibility).
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David Randolph
www.3stocksonfire.org
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