Finnair 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.
Hello 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...
What 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.
New 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...
