EasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. EasyJet plc is listed on the London Stock Exchange and is a...
The chart represents my idea of the current position of Easyjet + where I will buy, my stop loss and three take profit zones. This will be a LONG term hold. Not financial advice. Comment any differing viewpoints below.
The bullish pattern is completing so we expect the bull run very soon.
I have been forecasting this stock for a while now, you can check it here
I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
This has retraced nicely to 0.5 Fibonacci after testing the previous high. It has since risen and found support at 0.382 Fib as well and is looking good to continue to rise now. I expect this to test the high again and create a new high at -0.27 Fib which would equal a price of 1088.
Doesn't look like we're gonna hold 562 which means we should have to test the 517-503 range before going higher.
Long entries: 517-503
PT: 604, 742, Continuation.
Potential short setup (testing 603 after failing 562 before testing 517)
Short Entries: 603-616
PT: 563, 517
Easyjet today raised its projected carrier numbers
from 30% to 40% as it sees strong demand.
Stock has possibly formed triple bottom.
Bullish Divergence on Histogram
MACD attempting to reverse.
Moving averages will be resistance levels\ Targets for longs.
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