Finnair's support zone holding - Bullish
Hello everyone! Time for free analysis! :)
Finnair has been downtrending for months now and by now we are able to trade the uptrend. In December Finnair was priced at 5.5€ and since then it has been uptrending. Support trendline has been strong and it has not been broken. When touched, it will go back up.
Today Finnair has been declining for 3.5%. Good opportunity to long.
Earlier in the chart I have analyzed Finnair's profit levels. (Unfortunately not in the picture).
The most common price channel on Finnair has been 6.87 to 7.515.
Here is what I suggest:
-Long Finnair.
First profit takeout: 0.236 fibo (6.410)
Second profit takeout: 6.820€
Third profit takeout: 7.15€
At best there is 18% upside.
Dark blue lines = low-point trendlines
Light blue = top-point trendlines
Feel free to leave comment! What do you think about Finnair's future?
Finnair has been downtrending for months now and by now we are able to trade the uptrend. In December Finnair was priced at 5.5€ and since then it has been uptrending. Support trendline has been strong and it has not been broken. When touched, it will go back up.
Today Finnair has been declining for 3.5%. Good opportunity to long.
Earlier in the chart I have analyzed Finnair's profit levels. (Unfortunately not in the picture).
The most common price channel on Finnair has been 6.87 to 7.515.
Here is what I suggest:
-Long Finnair.
First profit takeout: 0.236 fibo (6.410)
Second profit takeout: 6.820€
Third profit takeout: 7.15€
At best there is 18% upside.
Dark blue lines = low-point trendlines
Light blue = top-point trendlines
Feel free to leave comment! What do you think about Finnair's future?
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