Air France (AF.FR) - Long positions possible

21.11.2017 / 12:55

Rating:

AF.FR Our expectations: Long-term rising trend, correction to horizontal support levels. Possibility for purchases with stop 10.30

Alternative scenario: If the price fail to maintain its levels, and falls through the horizontal support, the correction could be deeper.

Commentary: Rising trend. Correction to horizontal support levels and 200 SMA. The price coincides with 38.2% Fibo from the movement - low of 9th of February to high of November the forth. DeMarker signaled for a breakaway of the declining channel - bullish signal.

Oil prices are still low, and the company made a contract with the futures for January. This means, that even if the price of the black gold goes up, it wouldn't affect the company's shares in the mid term.

Air France, as part of CAC depends on the movement of the index. After corrections in the past week, the index signaled for a turn in the direction, and will resume to rise. This will lead to an impulse in the stock price.

Jr Trader Alexander Kumanov

Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Air France (AF.FR) - Long positions possible

London

Universal numbers