Long, target 13Following 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.
AF
Has Air France bottomed ?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 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.
-----------------------------------------------
Trading Parts :
-----------------------------------------------
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.
-----------------------------------------------
Happy Tr4Ding!
Air France KLMAbout Air France-KLM Group
A global giant with a strong European base, the Air France-KLM Group’s main areas of business are passenger transport, cargo transport, and aeronautical maintenance. Air France-KLM is the leading Group in terms of international traffic on departure from Europe. It offers its customers access to a network covering over 250 destinations thanks to Air France, KLM Royal Dutch Airlines, and Transavia. With a fleet of 554 aircraft and 104 million passengers carried in 2019, Air France-KLM operates up to 2,300 daily flights, mainly from its hubs at Paris-Charles de Gaulle and Amsterdam-Schiphol.
Its Flying Blue loyalty program is one of the leaders in Europe with over 15 million members. Together with its partners Delta Air Lines and Alitalia, Air France and KLM operate the largest transatlantic joint venture with more than 275 daily flights.
The group also offers cargo transport and aeronautical maintenance solutions.
Air France and KLM are also members of the SkyTeam alliance which has 19 member airlines, offering customers access to a global network of over 14,500 daily flights to more than 1,150 destinations in more than 175 countries.
www.airfranceklm.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
AF STARTING TO REACH A CORRECT ENTRY POINT AFTER THIS FALL !!! 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
EURGBP BUYOur previous idea on EURGBP sell is now closed +5 pips as the market now looks very bullish and will more than likely break out. When the market turns and goes against an idea and gives you lemons, reverse your position and make some juice.
AirlinesSome are yet punished, Overhead Supply zones take time to pierce, usually, prices stall in the bottom of the OS area, and suddenly open/raise above area, retesting and now becoming support zone.
Personally, I don't see further reasons to pray for disaster, but long-term support is around €7.50.
Copper huge upside possible on Daily Copper has been consolidating for some time now, but has not been affected by DXY's huge upsurge from FOMC. Forms a really nice Bull Flag :)
I have overlaid DXY seen in shadow candles at the back. Highest DXY in a long time and also has a hammer on daily. For the most part, Red DXY = Green Copper!
The support has been holding pretty nicely so far and should it break 2.67, could easily breakout to 2.74 and above to 2.89. The MACD is about to turn and RSI also. Since we are at bottom of the wedge right now, it's good time to go in with stop below the wedge. Good luck
