Logic: economic recovery/bounce back idea.
Entry: €64.50 or ideally at yearly S3 support, €55-€56 area.
Stop: €56 or < €48 in second case.
Risk: -13.18% or -14.29%
Target: initially €78.13, longer term mid €90's
Gain: +21.13% or +39.52%
Note: high risk/reward longer term speculative idea. AIR remains in downtrend.
Pretty bullish trend for the airline industry, but we've been rising pretty fast last week and a pullback would make sense. We have resistance here at 81ish.
However, I feel it's risky to short with all of the greed and optimism out there right now.
Airbus.
Prices are moving inside the channel. Wait that the Resistance of 63.00 -64.00 Eur will not be broken before selling for a short term investment.
It´s looks like going to drop to 50$ and will go up. It´s time to wait and see, if they drop to minimum, then time to get in. Any good news on market sentiment and on vaccine could lead to bull market easily from now.
Airbus seems to have reattached its wings and started to sort itself out.
We can see that Airbus has been following a rather dull yet certainly apparent trendline as it attempts to pull itself out of its miserable slump. The price has now taken off of this trendline and is pushing hard up towards the target marked onscreen.
Whilst not visible, the price is also...
Generally, the stock price has been trending down since the COVID-19 crash. There has been some significant volatility that looks like it has day traders interested judging by the close of market volume. Today the price broke out the top of the 2 sigma channel which says "sell" to me. RSI and MACD show over bought which says sell to me for a short term...
hey guys,
airbus is consolidating on a key structure support level.
the price is stuck on 50 level for more that one month!
on 4H we see a classic contraction with a formation of a descending triangle.
the side of the breakout of the triangle will show us the future direction of the stock.
because the trend is bearish, we are bearish biased here and we...
As you look at the Aroon indicator, you can see that its indicating indicision. The price has also been consolidating in the channel(although it had a fake out recently). But what makes sense is that the price is forming a head and shoulder pattern and indicating a break out of the consolidation channel(might happen as a fake-out too). Moreover, the A/D is also...
Opening showinf a Gap with big volume, might be the start of an exhaustion.
ABC pattarn can be spotted here, is this the end of the correction ? Are we to look south ?
Wait for confirmation once sellers penetrate the GAP zone !!
As we can see since 1999 till 2003 we have around 90% drop and since we are experiencing the biggest drop in many years, we could see the same thing happening again. I am looking to buy at around 20-10$ range around March - May 2021. We will see a little rebound now for a few months, but then we will see another big drop.
