for a couple of weeks, Ryanair stocks are trading on a key structure support level. now on 4H we clearly see reversal clues with a higher low formation.
pay attention to the minor resistance of a range on 4H chart and buy its breakout.
initial target will be 12.0, then apply trailing stop!
Thanks for the chart Vasily! Stocks rally today as if the pandemic is over, so it is definitely time to catch pullbacks. This could be the work of the stimulus package keeping markets afloat and rising. Question is how long will it last, when in reality the pandemic is still ongoing and consumers still locked at home...
VasilyTrader
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@Antonio_trader, very good thoughts Antonio!
totally agree with you!
VasilyTrader
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Is it reasonable to buy these stocks now?
what do you think?