(CercleFinance.com) – Air France validates a serious downward warning: the stock drops -4% below 8.9E (-50% since the zenith of 17.6E on 06/29/2023), pulverizing the recent low 9.50/9.60E tested multiple times from March 5 to April 30, then the crucial historical support of 9.214E from April 15.
The exit from the 11/9.50E corridor should lead to a test of the 8E (medium-term oblique support, base of the current bearish channel) in the best hypothesis, see 7.10E if we take 11.3E and 9.2E as a reference.
A rather paradoxical objective for an Olympic year, with a historic maximum of travelers to be transported to Paris.
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