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,...
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...
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.
