Airfrance
Flying into resistance? 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: 4.50 / 4.70 / 5.50
Support: 4.20 / 3.80 / 3.00
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AIR FRANCE STOCKSCovid-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, That's one of the reason of losing their " French Glamour ". if you use united arab emirates companies, you will feel instantly the level difference.
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Trading Parts :
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Buy Zone : 4$ (Now)
Rebuy Zone : 3$ (Bottom)
TP1 : 5.5 (Breakout Line Security TP)
TP2 : 8.5
TP3 : 14.5$
Stop Loss : No Need AF won't close, it's a symbol, French Gov will help for sure.
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Happy Tr4Ding!
Air France KLM update - AFLYYShort 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 Term, stand Aside
Global Financial Engineering Swing Trading Strategy for AFGlobal 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 Trend ( STT ), given by the Four Hour TIME BAR (FHTB) is currently Bullish
In light of the above trend analysis and other factors we will start a bullish trade using Global Trading Strategy #3 on the Global Automated Trading System #3 which trade in the direction of the Global Daily TIME BARS (GDTB) which is currently Bullish. We will also adjust our normal position size and increase the Global Stop Loss Allowance to two(3) times the Daily Average True Range(DATR)
Global Entry Signal: Buy @$8.46
Global Stop Loss: $7.60
Global Target Profit: $17.00
Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Position Trading Strategy #3
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