FINNAIR: Fakeout IdeaIf you believe Tuesday's move to the downside to be a fakeout, one potential play could be as shown on the chart. Target would be range highs. Personally would not consider trading this move.
FIA1S trade ideas
Finnair: Heading for new lows?Price has failed to break above the descending trend line and currently struggling to hold the support area.
Finnair: Pennant pattern on 1h chartFinnair has broken the 4h TL and 1h pennant pattern. For this reason I'm short term bullish. In case we break the most recent support zone, the pennant pattern has failed.
FIA1S December OutlookLooking out for the regression and RSI trend. Expecting pullbacks or reversal from the highlighted zones.
Finnair's support zone holding - BullishHello everyone! Time for free analysis! :)
Finnair has been downtrending for months now and by now we are able to trade the uptrend. In December Finnair was priced at 5.5€ and since then it has been uptrending. Support trendline has been strong and it has not been broken. When touched, it will go back up.
Today Finnair has been declining for 3.5%. Good opportunity to long.
Earlier in the chart I have analyzed Finnair's profit levels. (Unfortunately not in the picture).
The most common price channel on Finnair has been 6.87 to 7.515.
Here is what I suggest:
-Long Finnair.
First profit takeout: 0.236 fibo (6.410)
Second profit takeout: 6.820€
Third profit takeout: 7.15€
At best there is 18% upside.
Dark blue lines = low-point trendlines
Light blue = top-point trendlines
Feel free to leave comment! What do you think about Finnair's future?
FINNAIR IS READY TO TAKE OFFStock has been consolidating for quite a while and now my system shows HUGE upside potential
FinnairWhat goes up, must come down.
The airliners steep decline about 40 % so far from about 13.50 high seems to have no signs of ease up. As it looks like there is still more to go down to complete wave a circled. After that a counter trend rally of wave b circled will lead Finnairs stock price to much lower levels to wave c circled.
Finnair broke ATHNew high on big volume last friday coming out of a healthy consolidation. Price action in this stock looks like its been behaving well. ~6,22 and ~6,55 both look like good stops depending on your risk tolerance.
I dont have a target for this stock. Either exit on parabolic rise breaking the top line of bollinger with a decent margin or if it consolidates on a higher price point that it later breaks.
