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.
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.