 |
StockCharts Blogs - Don't Ignore This Chart! |
The Amex Airline Index ($XAL) surged around 5% with a
big move off support on Monday. Notice how broken resistance around 16 turned
into support in late April and again in May. Today’s bounce reinforces support
and makes XAL one of the industry group leaders on Monday.
The comments to this entry are closed.
This blog contains charts that we think are 'interesting' from a technical analysis perspective. These charts are presented for educational purposes only. We are not making any buy or sell recommendations here. Terms of Service
Comments