AA: Long Term TA

This is a five year weekly chart for AA. In long term, AA is deciding to choose an up trend channel (green) or a down trend channel(red). From several points(green, red lines, and the SMA 20 week curve), we can see $39-$40 will form an important resistance for AA. In short term, this area is also a 50% pull back from the recent lowest low (as blue lines indicate). If AA cannot move above that area, it will pull back again and the next pivot low will determine whehter AA will be in an up trend channel or a down trend channel in a long run.