AF - Air France/KLM
Added 2024-10-24 12:33:06 +0000 UTCAF still has one of the largest descending wedges I have seen in any market right now.
While many other legacy carriers are reaching 52 week highs, this continues to make lower lows and go deeper into this wedge
It is not without risk as they continue to report misses from their earnings but a breakout of this wedge at 10 and there is a move up to the blue resistance line at 15, for a 50% gain.
Politically France and the Netherlands can never let this airline group fail, it will always have the support of their governments and they were handed billions in aid during Covid and it helped them buy new aircraft and lower their debt.
Comments
$afraf
House of Wick
2024-11-13 13:51:56 +0000 UTCTicker for ADR in the U.S. is $AFLYY
Lucas
2024-10-24 15:37:00 +0000 UTCklm
Zerda
2024-10-24 14:30:24 +0000 UTCWhat’s the ticker? Can’t find it with AF
Sammy
2024-10-24 12:57:41 +0000 UTC
