4AF trade ideas
AF: Bullish Engluf Week Trying Fo Gap-FillAF is trying to gap fill with a strong bullish engulf, it is trying to break 6. Weekly sell remains (RSI=43, MACD=-1.1, ADX=50) against recovering daily strong buy (RSI=70, MACD=0.1, ADX=36). The weekly pressure will be omitted if it breaks through Fib0.328(5.993).
A follow-through is needed . Long Still 4.5.
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
Serious trouble AIR France KLM is on serious trouble due to the travel bans across the world the spread of the corona virus …..we are close to an all time low at 3.269 if we manage to go below it then I think 0 is the next target and things will get ugly for AIR France KLM we are now at 4.319 the next target is 3.269 if things get better we will rebond after we test 3.269 but if we close below on a monthly basis then Air France KLM price will get to 0
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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