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With HA gapping down ferociously today, I still view major airlines as setting up for shorts again. I traded AAL and UAL for wins earlier this year, but I was quick not to overstay my welcome given how resilient they have been for a while now.
Still, the majors, such as AAL DAL UAL, can still be seen as short idea with defined stop-loss above recent highs to follow HA lower in the coming weeks on any signs of weakness.
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