American Airlines #AAL has been pretty choppy. After a bearish swing in July through August, we are seeing a September rally. As price approaches 48-49, AAL is facing a key resistance. American Airlines (AAL) Daily Chart(click to enlarge)48-49:- This is a key resistance because it involves:- The 200- and 100-day simple moving averages (SMA),- A support/resistance pivot area. - The RSI is around 60. - If price indeed holds here, it means there is further bearish momentum, in which case the 43 low would be in sight.- We should limit the bearish outlook to 39.50-40.