LSE:EZJ
It seems that there is an opportunity to go long, mainly based on technical analysis:
1. breakout of the top resistance
2. end of the return price and start of a rally.
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...
Buy EasyJet (EZJ.L)
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
Market Cap: £4.77Billion...
Hey there again,
This time i wanted to share a more clear #fractal analysis. This time with easyJet stocks. Analysis based on Fibonacci and time Cycles.
This is the first image, based on a 1 month time frame. Ill try to keep the track in less time frame and keep you guys up to date.
Just a reminder, fractals are similar among time but not equals so is just a...
Looking at the monthly chart we can see an ascending channel, look out for a bounce off this approximate level in the next few days, if so it could be the beginning of a new bull run for Easyjet.
Like this idea if you agree and follow for more like this.
The daily stochastic and RSI seem to point to a bounce soon, and there will likely be much resistance at the 1552 mark. Considering it’s oversold when looking at the daily. I wouldn’t expect it to drop below 1552. So I am suggesting a new bull run to ensue shortly.
I'm no expert, so take what I say with a pinch of salt :)
Cheers.
Rounding bottom on the daily chart and the bullish RSI and DMI indicators coupled with the bullish RSI divergence in the background (on weekly chart) suggests the jet is about to fly high. the stock price could test 1080 levels.
I'm taking this one short right now all the way until 1.47. We see weakening RSI, strong downward motion in the price action, all in the midst of a downtrend. Just watch for some unexpected breaks up, and you should be golden.
EZJ has been trapped in a symmetrical triangle for a few months the boundaries have held well. RSI is showing support in the 45 area indicating decent support for the bull side. Looks ready to break to the upside in the next week or so.
Repeated failure around 1080 area if followed by a daily close below 50-DMA of 1038 would confirm the bearish MACD crossover and open doors for a sell-off to 200-DMA level of 987.60.
Only a daily close above 1100 would open doors for a fresh rally to 200-DMA seen today at 1247.
The weekly chart clearly shows a bullish price-RSI divergence. Hence, the dip demand is likely so long as the prices stay above the July low of 973.
A minor retreat cannot be ruled out as the daily indicators show bullish exhaustion.
