Aéroports de Paris: Good levels for long positioning

14.08.2018 / 11:39

Rating:

Aéroports de Paris (ADP.FR) - D1

Our expectations

The company is in a long-term upward trend, and the current adjustment gives us a good opportunity to position ourselves with the smoothest possible stop. The price is in the support area, which I expect a rebound in the upward direction. The zone is formed by a major internal horizon, a major diagonal, and a 23.6% Fibonacci correction of the main trend. 50 and 200SMA are beached - the trend remains in place. CCI14 reverses -100 upwards - positive signal. Price Action - Pin bar in the support zone currently being tested.

Here's a small financial picture of the company:

SL: 183.56

Alternative Scenario: If the price goes back below the support area and stays there, the positive scenario will be spoiled and more likely to see a deeper adjustment.

Trader Petar Milanov

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Aéroports de Paris: Good levels for long positioning

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