15.02.2016 - We forecast a drop of American Airlines Group shares to 35.00

Price of American Airlines Group shares showed strong growth after rebounded from the psychologically important level of 35.00 and the lower boundary of the local descending channel. Currently quotes approached the resistance at 38.00 and the upper boundary of the channel. Fixing the prices given levels will continue to rise to 41,00 and 44,00. At the moment, there is a high probability of continued decline within the channel. Our short-term outlook is negative, and we recommend to open short positions with a stop above 38.00 and the first target at 35.00.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.