Trading Roundup: Airbus’s Globetrotting A321LR Demonstrates The Company’s Potential For Growth
Source: Pexels
The best-selling fleet of A320 aircraft has recently made history with a Paris-to-New York non-stop flight, flown by the one-of-a-kind A321LR. The company's ability to operate the longest non-stop flights, and with the highest levels of efficiency, opens new markets, in particular, on heavily-travelled North Atlantic routes.
The 'LR' in A321LR stands for 'long range' as the A321LR is able to fly 7,400 km non-stop, a distance that no other single-aisle commercial aircraft is able to cover.
The A321LR is a state-of-the-art model that has A321neo twin-engine and thus boasts super efficiency. The continuous development comes at a high price, however – the company annually invests $300 million in the A320 family, enabling them to go that extra mile in the demanding aircraft industry.
All things considered, it's not surprising that Airbus Group SE share prices (#AIR) have been enjoying an increase. Let's take a closer look...
Overview of Airbus Share Price
Source: #AIR, H8 chart, Admiral Markets' MT5, MT5SE add-on, Nov 2017 - Feb 2018
The H8 chart shows a solid Marubozu candle that cues for a possible uptrend continuation. The #AIR has hit significant resistance within 96.00 zone, and we might see a pullback towards the POC before next spike. 89.30-90.00 is the POC zone (Monthly L3 pivot, 50.0, fib, HMA, Channel midline, historical buyers). However, if we see an H8 candle close above 95.70, the price might make a breakout run towards Q H5 - 98.05 and M H4 - 98.86. Only above 99.00 might we see 105.48 as the final target.
Trade CFDs on Shares with Admiral Markets
Just as Airbus's amazing jetliner has opened new doors to different markets, trading CFDs on shares provides endless opportunities in the financial markets. Check out the CFDs on shares that we at Admiral Markets offer on all of our account types.
Also, don't miss a brilliant opportunity to practise and revise your trading skills on our risk-free Demo Account, using virtual funds.
If you're not sure which share CFDs to start with, take a look at our handy Market Heat Map, which helps you track the biggest price movements within certain time frames.
Have a blast of a weekend and trade wisely,
Olga & Nenad
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