#FTSE #France I’ve a soft spot for Air France, so was interested to see the airline rated as “Strong Sell” in the listings of ‘Most Active Shares’ on the French exchange. This alone made Air France a useful candidate for this weeks delve into European derivatives. The, unusual for me, fondness for an airline, dates back to a boss saying “Take as long as you want” when I took a spur of the moment skiing holiday.
Not bothering take a holiday for a couple of years and feeling a bit burnt out, vanishing to the French Alps seemed a good idea and a 5 day trip had stretched into nearly a month. A panic call from the company asking me to return as soon as possible wasn’t exactly welcome. Apparently, the boss was malfunctioning, unable to cope with pressure. Staff were walking out of branches due to his behaviour and the admin dragon lady who called, admitted she was at her wits end.
Knowing the company would pay my expenses, an immediate taxi was called to the nearest station where I caught a TGV to Paris. Another taxi to CDG airport for a flight to London, the ticket agent advising I must rush through the terminal to catch my flight as the gate was apparently closing in minutes.
Thankfully, this was all before everything changed with 9/11, me and my guitar case charging through the crowds (the bar / hotel were sending my luggage), charging to the head of each queue with single minded determination. Eventually, I found myself being welcomed by a flight attendant, taking my seat at the front of the aircraft. The following 20 minutes enduring angry glares of people I’d elbowed aside, now boarding behind me, were not fun. While the jet bumbled its way around the tarmac, I explained my error to the stewardess sitting opposite in the jump seat. She was kind enough to ensure I’d fail a breath test when we landed at Heathrow, this making the usual unpleasantness with UK officialdom easier to handle. Carrying a guitar, long hair, tanned, and smiling inanely somehow made me a target, especially as I’d no baggage!
It’s amazing how a little kindness can influence the way in which a corporate is regarded but unfortunately, it looks like Air France should be giving free whisky to the entire marketplace. Their share price is starting to look quite fragile. Similar to everything else, the price took a hammering with the pandemic drop last year and, in common with other companies in the sector, is failing to show any great recovery. Ryanair, amazing to note, are unusual in this regard, recovering to the price height pre-Covid19.
As the chart below shows, Air France has been slithering down the Blue downtrend, breaking though but failing to make a solid movement. Rather unhelpfully, this sort of nonsense tends end with a sharp, vivid, price movement, the only question being; ‘which direction?’. We fear, in this instance, some excuse shall be discovered to provoke a sharp reversal.
Weakness below just 3.75 Eu calculates as capable of reversal to 2.67 euro, a level at which we’d hope for a bounce. If broken, our secondary works out at 1.56 eventually. Should this number appear, the price ‘almost must’ rebound as we cannot calculate anything below such a point. Glancing at the chart, there is already an argument favouring bounce potentials at 2.67 Euro, this matching the lows of 2020 and doubtless becoming attractive to those who will decide “Double Bottom” and take a long position.
Air France KLM, thus, shall perhaps prove worth keeping an eye on in the weeks ahead.
Trends and Targets. Past performance is not a reliable indicator of future results.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:17:08PM | BRENT | 73.55 | ‘cess | ||||||||
| 10:18:52PM | GOLD | 1804.84 | |||||||||
| 10:21:00PM | FTSE | 7029 | 7017 | 6996 | 6972 | 7040 | 7045 | 7051.5 | 7063 | 7021 | ‘cess |
| 10:23:11PM | FRANCE | 6640 | 6626 | 6606 | 6582 | 6655 | 6670 | 6683.5 | 6694 | 6640 | Success |
| 10:25:38PM | GERMANY | 15697 | |||||||||
| 10:27:34PM | US500 | 4448 | |||||||||
| 10:31:32PM | DOW | 34597 | Shambles | ||||||||
| 10:34:03PM | NASDAQ | 15398 | ‘cess | ||||||||
| 10:36:55PM | JAPAN | 30344 |
14/09/2021 FTSE Closed at 7034 points. Change of -0.73%. Total value traded through LSE was: £ 5,004,739,047 a change of 6.33%
13/09/2021 FTSE Closed at 7086 points. Change of 0.81%. Total value traded through LSE was: £ 4,706,844,854 a change of 19.18%
10/09/2021 FTSE Closed at 7029 points. Change of 0.07%. Total value traded through LSE was: £ 3,949,508,746 a change of -29.02%
9/09/2021 FTSE Closed at 7024 points. Change of -1%. Total value traded through LSE was: £ 5,564,442,934 a change of 5.99%
8/09/2021 FTSE Closed at 7095 points. Change of -0.76%. Total value traded through LSE was: £ 5,249,791,565 a change of 12.94%
7/09/2021 FTSE Closed at 7149 points. Change of -0.53%. Total value traded through LSE was: £ 4,648,354,855 a change of 42.06%
6/09/2021 FTSE Closed at 7187 points. Change of 0.69%. Total value traded through LSE was: £ 3,272,196,059 a change of -29.07%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:POLY Polymetal** **LSE:VOD Vodafone** **
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Updated charts published on : British Telecom, Capita, Hargreaves Lansdown, HSBC, Hurrican Energy, British Airways, ITM Power, ITV, Polymetal, Vodafone,
LSE:BT.A British Telecom Close Mid-Price: 155.55 Percentage Change: -2.63% Day High: 160.6 Day Low: 155.4
Continued weakness against BT.A taking the price below 155.4 calculates a ……..
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View Previous British Telecom & Big Picture ***
LSE:CPI Capita Close Mid-Price: 49.81 Percentage Change: -0.38% Day High: 50.94 Day Low: 49.57
Further movement against Capita ABOVE 50.94 should improve acceleration t ……..
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View Previous Capita & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 190 Percentage Change: -0.84% Day High: 197.4 Day Low: 188
All Gulf Keystone needs are mid-price trades ABOVE 197.4 to improve accel ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 1433.5 Percentage Change: -1.34% Day High: 1450 Day Low: 1425.5
Target met. Continued weakness against HL. taking the price below 1425.5 ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 372.9 Percentage Change: -1.96% Day High: 377.3 Day Low: 371.75
Continued weakness against HSBA taking the price below 371.75 calculates ……..
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View Previous HSBC & Big Picture ***
LSE:HUR Hurrican Energy Close Mid-Price: 3.3 Percentage Change: -2.94% Day High: 3.45 Day Low: 3.12
Continued trades against HUR with a mid-price ABOVE 3.45 should improve t ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 142.1 Percentage Change: -4.18% Day High: 147.68 Day Low: 141.58
Continued weakness against IAG taking the price below 141.58 calculates a ……..
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View Previous British Airways & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 398.4 Percentage Change: -3.72% Day High: 407.4 Day Low: 381
If ITM Power experiences continued weakness below 381, it will invariably ……..
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View Previous ITM Power & Big Picture ***
LSE:ITV ITV Close Mid-Price: 110.7 Percentage Change: -0.90% Day High: 113.8 Day Low: 109.9
Continued weakness against ITV taking the price below 109.9 calculates as ……..
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View Previous ITV & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1366 Percentage Change: -0.29% Day High: 1377 Day Low: 1350
In the event Polymetal experiences weakness below 1350 it calculates with ……..
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View Previous Polymetal & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 116.06 Percentage Change: -1.34% Day High: 118 Day Low: 115.64
Vodafone remain unable to impress and weakness below 115 now looks like br ……..
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View Previous Vodafone & Big Picture ***