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June 7 Chart of the Day - Airbus

Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews

While many retail traders are focused on GameStop today we're going to feature Airbus (AIR). 

Airbus is a European multinational aerospace corporation making headlines recently as it began building a new A320neo-family assembly line in Toulouse, France to replace an older and less efficient facility and help speed up production.

The company’s primary business is the design and manufacturing of commercial aircraft but it also has separate defense and space and helicopter divisions.

We have featured over 220 Charts of the Day during the past year and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

Monthly Chart 

Airbus monthly price action technical analysis review

On the monthly chart we can see that price broke out and above a very long term trend line about a year ago and has since come back to retest it before continuing its upward march.

This keeps its streak of making higher highs and higher lows alive and well since bouncing forcefully off the $10 level back in the 2020 time frame.

Weekly Chart

Airbus weekly price action technical analysis review

On the weekly chart we can see with much more clarity the "break and retest" price made off that trend line.

Along the way, price established a new $73.95 all time high (ATH) in the last quarter of 2023.

Trading at $67.15 earlier today price seemingly is deciding whether or not to continue its higher high and higher low streak.

We've layered in traditional Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.

Armed with precision oriented charts like these both traders and investors can formulate their respective plans.

So what's next? 

We don't make predictions...

Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.

  1. Support/Resistance
  2. Trend
  3. Fibonacci 
  4. Supply/Demand Zones,
  5. Change Control Zones

ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.

Take a look at the charts and let us know what you think.  

We'd like to hear from you in the comments sections.

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