Following weekly chart.
My indicator already gave a long signal last week, I am a bit late but still in a good point.
TP 13
TP2 14.8
SL - I'll update according to indixator but close below 9 is a good SL.
Looks like Air France finally bottomed after the stock split. We're trading inside a bull flag and I expect price to reverse at around 1.18 and shoot up to 1.39.
Air France
Short Term - We look to Sell at 4.71 (stop at 4.90)
Preferred trade is to sell into rallies. Previous resistance located at 4.70. The bias is still for lower levels and we look for any gains to be limited. Trading within the Channel formation. Expect trading to remain mixed and volatile.
Our profit targets will be 4.24 and 3.75
Resistance:...
Covid-19 caused a bloodbath to Airplane Companies and AF returned to the past to worth almost a penny dollar, with the return of the normality, we can expect a new cycle to come around the corner.
That said, i hate Air France, it's one of the most antipathetic crew in the world, they all think they made baccalaureate +10 for serving a glass of water in a plane,...
WOW what a fall , did not expect it after it broke all the buy signals
Now back to beginning start to invest at around 4,50-4,60 , good long term play for a repeat of what happened beginning of June
Air France a rebondit sur la résistance historique
Il n'a pas l'air de monter pour le moment
Grosse difficulté pour casser ce support historique
Même le volume il n'est pas aussi interessant
Short Term - Based on fundamental analysis the market might jump up, but wait for the Technical Analysis signal.
Based on Fundamental Analysis, wait the right signal to buy. Technical analysis does not give yet any uptrend signal for a short term investment. Target Level 5.20 USD
Fundamental Analysis: (Good News)
EU clears €7B bailout for Air France-KLM
Long...
Global Financial Engineering Swing Trading Strategy for Air France(AF) as at July 2, 2019
The Primary Trend (PT) given by the Monthly TIME BAR ( MTB ) is currently Bearish
The Secondary Trend ( ST ), given by the Weekly TIME BAR ( WTB ) is currently Bearish
The Medium Term Trend ( MTT ), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term...
The Moneyflox index declined very hard, the hardest decline since years and now we see a little recovery. The best scenario is pullback to the level 10.45. Then we see if a rebound is possible to happen.
This is looking interesting. Not much to say: RSI divergences developing, with the stock down 45% since March. The selloff seems fairly exhaused. Nice risk reward, if you put a stop at 4.79 and target at 5.27
