AIRBUS (AIR) - 4hr/Frankfurt
Hello and welcome to this update,
this one is about Airbus, which looks GOOD in my opinion.
-All-time high was 140, which we dropped from, which is a 65% drop.
-RSI looking good, bullish divergence confirmed.
-Volume is solid- declining at the bottom (or temporary bottom) is a good sign and could mean, the selloff came to an end...
Overall market is positive. Stock will benefit from increased government spending in defence industry. Stock is set to break out and gain momentum once 150 is taken out.
Airbus shares continue to struggle at the resistance level of €139.40. In our primary assumption, the price should soon leave this level behind and complete the magenta-colored (1) with the top of the turquoise wave 5, before it goes down again significantly in the same color wave (2). If this downward journey is prolonged to the immediate vicinity of the support...
Will the next version of Lockdowns be even more stringent and for longer???
#AIR has a potential DT formation
we have to wait and see
.... I wouldn't go booking next years summer holidays just yet!
Trading idea number S-016 | Airbus stock could raise to 141 area.
Airbus prices have been moving within a bullish channel since the beginning of the year. In recent sessons the latter have bounced ahead of pivot support S1, within the support line of the bullish channel. Following this move we expect a new short bullish phase toward the resistance trend line of...
Even with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price.
On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel....
Expect another support bounce off SMA 20 in next week.
Good opportunity for long position to ~34 resistance.
Depending on support, stop loss either on 29 support or near ~29.68 (just below SMA 20).
SMA20 passed above SMA 50, support 3 times against SMA 20.
Bullish engulfing.
Possible break through. Week looks like a wedge. Day view not so much. Almost a flag.
Overall trend looks nice with 50SMA passing 200 SMA.
MACD is ripe for swinging up. Lots of support on 50SMA, tested twice in past week.
RSI is okay. could be better but HHs with HLs makes it look good.
Airbus - Intraday - We look to Sell at 111.86 (stop at 117.22)
Price action continued to range between key support & resistance (90 - 112) and we expect this to continue.
Expect trading to remain mixed and volatile.
We are trading at overbought extremes.
A higher correction is expected.
Offers ample risk/reward to sell at the market.
The previous high is...
Airbus - 30d expiry - We look to Sell at 110.96 (stop at 116.02)
Price action continued to range between key support & resistance (90 - 112) and we expect this to continue.
Expect trading to remain mixed and volatile.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher....
Airbus - Intraday - We look to Buy at 91.05 (stop at 87.57)
89.00 has been pivotal.
Bespoke support is located at 91.00.
A bullish reverse Head and Shoulders is forming.
We look to buy dips.
Prices have reacted from 87.00.
Our profit targets will be 99.77 and 103.77
Resistance: 95.00 / 98.00 / 100.00
Support: 91.00 / 89.00 / 86.50
Disclaimer – Saxo Bank...
Airbus - Intraday - We look to Buy at 90.51 (stop at 88.38)
Weekly pivot is at 88.96.
Weekly pivot is at 88.91.
Bespoke support is located at 90.00.
Dips continue to attract buyers.
We look to buy dips.
We look for a temporary move lower.
Our profit targets will be 96.66 and 97.56
Resistance: 95.00 / 97.00 / 100.00
Support: 90.00 / 89.00 /...
Airbus - Intraday - We look to Sell at 110.91 (stop at 113.51)
112.00 continues to hold back the bulls.
Daily signals are mildly bearish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Bespoke resistance is located at 112.00.
Resistance could prove difficult to breakdown.
The previous swing high is located...
![AIR: [S-016] Airbus](https://s3.tradingview.com/x/xw36Th8o_mid.png "[S-016] Airbus")
