Logic: economic recovery/bounce back idea.
Entry: €64.50 or ideally at yearly S3 support, €55-€56 area.
Stop: €56 or < €48 in second case.
Risk: -13.18% or -14.29%
Target: initially €78.13, longer term mid €90's
Gain: +21.13% or +39.52%
Note: high risk/reward longer term speculative idea. AIR remains in downtrend.
Entry: €64.50 or ideally at yearly S3 support, €55-€56 area.
Stop: €56 or < €48 in second case.
Risk: -13.18% or -14.29%
Target: initially €78.13, longer term mid €90's
Gain: +21.13% or +39.52%
Note: high risk/reward longer term speculative idea. AIR remains in downtrend.
Comment:
AIR back in a downtrend with failure to bounce off EMA support suggests lower - possibly into S3 yearly pivot..
Despite that more upside in store however may need some pullback/consolidation before moving higher.