It's impossible for me to predict what will happen with EasyJet. So, I'm showing two potential killzones on a daily time frame.
My probability estimate is for further moves south. I think the issues here are about entry points, for those who missed the deep dive. It's dangerous though at this time.
Globally all civilian commercial airlines are in deep trouble (except Boeing perhaps). Govts and central banks simply cannot bail them all out. Air traffic will be seriously reduced over the next year. We can therefore expect further travel south for EZJ and other airlines. Berkshire Hathaway just closed on $50 Billion in losses on airline stocks.
If one is shorting EZJ and other stocks much 'bottle' is required to suffer the vacillations in price. It's unlikely to be a smooth travel south.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Will it carry on now it’s on 665 or drop as reached killzone
Captain_Walker
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@arifkhansia, I'm not a fortune teller. I cannot see the future. I explain this in many of my posts. I also say that people who look for targets are 'elsewhere'.