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The company has published improvement results. In the first quarter, the group recorded an increase of 7.7 % of its income, reaching 7.2 billion euros, and a strong improvement in its Ebitda, which doubled to reach 396 million euros. The group transported 21.8 million passengers, up 3.4 %. The title is exchanged on relatively low multiple.
Key graphics elements
Technically, the action is evolving in a rage trading, supported by an increase in buying volumes and a decrease in selling volumes in recent days. In addition, several lower wicks, more numerous and more marked than those observed near the resistance, suggest an underlying buying pressure. Consequently, an output from the top of the range can be anticipated, with resistance objectives at 8.60 euros, then at 9.55 euros.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the Air France-KLM action in the short term.
Active investors will take a position on purchase on the Air France-KLM title during € 7,750 with a target at € 9,550 online in sight. They will protect their capital by placing a stop at € 6,880.
The News Bulletin 247 Council
Daily data graphics
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