Logic: close & re-test of 50D EMA puts AXA in intermediate uptrend following significant drop and 2 months sideways consolidation.
Entry: €17.00- €17.20
Stop: €15.50 (can consider lower if longer term outlook)
Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop.
Gain: +19.48% & longer term target +33.72%
Note: among highest...
Logic: a close above 50D EMA a positive, suggests intermediate trend pointing higher.
Stop: €10.85 (consider to close immediately in case of negative corona news)
Target: initial €24.75 gap close, mid €30's realistic longer term.
Gain: 45.59% in 76.74% in second scenario.
Note: Longer term speculative idea; Carnival significantly...
Logic: in confirmed uptrend following steep correction & 2 month sideways consolidation.
Entry: €365 or better, (ideally to be bought on a pullback into 200D EMA in the €360-€365 area).
Target: €403 initially (gap close), longer term €426, yearly R1 area.
Gain: +10.41% & longer term +16.71%
Note: longer term play in the strongest luxury name.
Logic: close above yearly pivot, in confirmed uptrend & > 200D EMA.
Note: *initial target €7.27, possible gap close in €7.40-€7.80 area.
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.