Daily chart pattern Bullish symmetrical triangle breakout Overbought money flow index for the first time after March 2015 Stuck at 50-DMA level of 1125.24 The daily chart suggests the bullish break from symmetrical triangle could be short lived. The only fact that remains in favor of bulls is the daily RSI, which is well short of overbought...
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...
Easy Jet shares have finally witnessed a relief rally of sorts. Prices clocked a low of 973 on July 26 before jumping to a high of 1080 today. The question now is should we trust the corrective rally in the shares. Fundamentals do not support the rally in prices… travel stocks are anyways under pressure, furthermore strengthening of oil prices further is an...
With oil prices down and looking bearish, airliners may see a much needed corrective rally. Easy Jet daily chart shows, rising bottoms on the hourly chart. As long as June 27 low of 990.50 is not breached on day end closing basis, the risk of a snap back to 1100 levels is high.