KLM updateKLM looking really promissing. Where oil prices will fall really soon this will take off...
AFK trade ideas
AirlinesSome are yet punished, Overhead Supply zones take time to pierce, usually, prices stall in the bottom of the OS area, and suddenly open/raise above area, retesting and now becoming support zone.
Personally, I don't see further reasons to pray for disaster, but long-term support is around €7.50.
Air France-KLM takes offLast thursday AFP reported earnings for Q4 2016. The market took it well and the chart shows a breakaway gap on high volume (not visible in chart as this is volume data from ChiX, not Euronext where most trading takes place). The breakaway followed a higher bottom at 4.80, which is also a bullish sign. I entered a long position after open on friday with a stop at 5.70. A close below 5.70 would be considered a false move. First goal is to break the declining resistance line.
