Early Signs of Weakness for American Airlines

November 30, 2011

Any oscillator like the heikin-ashi one in the lower chart must break into positive territory when a heikin-ashi candle (yellow) shows a potential bullish reversal.

In our case, on this monthly chart, the AMR heikin-ashi weakness appeared with the oscillator well into negative territory. Bearish.

 

American Airlines and Heikin-Ashi 11/29/2011 AMR

 

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