Air France stock looks for support

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The stock price of Air France in December bounced off the resistance of the 50-day simple moving average and approached the 2021 low level zone at 3.6225/3.3825. Meanwhile, the 50-day simple moving average was located at 4.0640.

In the case that the price passes the support zone, the price could look for support in round price levels as the 3.5000 and the 3.0000 mark, before reaching the 2020 October low level at 2.6340.

Meanwhile, a potential recovery would have to pass the 50-day simple moving average at 4.0640 and the 200-day simple moving average at 4.3420, before reaching the September and December high levels at 4.8000/4.8600.

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