Ryanair on verge of break above Golden Pocket resistant.

Irish Airline Ryanair is never far from controversy, a summer of strikes by pilots within Europe has almost passed by and looks like the company won the war having lost a few battles.
The collapse of Thomas Cook travel over the weekend has added more positive fuel to the recent rally in Ryanair , it is inevitable that passenger numbers will increase and there may be a case for increased routes rather than the decreases that was announced earlier in the summer.
Boeing has been a major thorn in the side of Ryanair as having a very large order of planes delayed, it has placed some restrictions on the airlines capacity.

Technically the chart is at a real pivot point , after a strong reversal since August, currently held by golden pocket resistance and the declining 100ma, a break above $65 could easily see a rally to the mid $70's.

P/e ratio 16
Company profile
Ryanair Holdings Plc engages in the provision of low fares airline-related services. It includes scheduled services, internet, and other related services to third parties across a European route network. It also offers various ancillary services, and other activities connected with its core air passenger service, as well as non-flight scheduled services, internet-related services, and the in-flight sale of beverages, food, and merchandise. The company was founded on June 5, 1996 and is headquartered in Dublin, Ireland.
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Cheaper oil will likely drive costs down for comps like #RYA. Nice analysis! Also, we like your site, well designed!
Bullishcharts Quantium_Research
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