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Easy Jet – attempting bullish break from symmetrical triangle

LSE:EZJ   EASYJET PLC ORD 27 2/7P
Easy Jet shares are top performers in FTSE100 index.

Shares are trading 2.13% higher on the day around 1100 levels. Prices have set a intraday high-low of 1127 and 1069 levels respectively.

Daily chart pattern – Symmetrical Triangle

A bullish day end close today would open doors for a rise to 1177 (July 14 high) and add credence to the view that a mid-term bottom is in place around 973 (July 26 low).

Daily RSI and Money Flow Index are in favor of a bullish daily close.

Bullish invalidation is seen only if prices see a day end close below 1044 (previous day’s low).
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