Strong support at $23.72
After passing $23.72 support with a 3-4 day confirmation A long position should be taken.
Next lowest support is at $21.79, and the average true range (ATR, 14) shows a $0.64 variation in price.
Initial Stop Loss at $21.15, taking into account the lower support and the ATR value.
Summary of Setup:
Entry: $23.72
Stop Loss:...
Idea: the orange boxes are our monthly-level price-range and now we can hold the previous resistance as support.
What do you think? Share your idea and enjoy our opinion.
REMOVE YOUR BIAS!
4 Hour-Chart:
Weekly-Chart:
Monthly-Chart:
1). Limit Buy: 69.20€ or 69.13€
2). Limit Buy: 68.52€
3). Limit Buy: 66.30€
Average price: 67.58€
1)....
Airbus is nicely settled in a rectangular scalping range (70-60) with narrow stop losses.
Break below should offer a cheaper price, break above bullish continuation.
Daily momentum (RSI) and volume (KO) is picking up but due to sideways market, this is not relevant yet unless the price breaks above 70.
Currently the market is in a Range, we do not know if it will start to rise again or if it will fall, we are waiting for the Range to break out either upward and go towards 80 or down and reach 50.
Sooner or later AIRBUS will rise to 150, as an intermediate take profit level investors might look at 100.
It's constantly going up for last decade, COID vaccine will be found, so in the long term, I think this is a good investment.
The idea is to stand aside.
Prices are moving inside a channel. Wait to see if the support line will be broken or not.
If the level 62 EUR WILL BE BROKEN, the idea is to go short, otherwise (if the level of 165 will work as support) the idea is to go long.
Fundamental Analysis - just found a new equilibrium in the production
The monthly rates - 40 A320/A321, 6...
hmmm travel market and plane order are horrible could recovry in 1 or 2 years so take care with super recovry bias , best buy was 50 near support hits 4 times , french epidemiologist see 2nd wave corona in august so my vix curbe prediction is super cup to 100 ... could be airbus best buy price
Hello community;
Possible pullback on the red support zone that meets the 0.236 Fib level. (64.42).
There is also an upper wick which can tell us that the bears outperformed the bulls.
The market is on a momentum zone, so let's watch it the next week and get ready for a buy (or sell?) position.
