Following 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.
Airfrance doing better and KLM does not have to reduce flightcycles.
Airliners are always risky. But they both making good profits now and are at an all time low!
Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally.
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
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:...
Covid-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,...
By Sun Storm Investment Research
A Profit & Solutions Strategy
Web: sunstorminvestment.tk
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
About 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...
