RYAAY struggled at the highs and now is breaking down, will it be a standard 20% cut and then consolidation? maybe. I want to buy lower because it gives the counterbounce more space before hitting the previous highs.
Timing = 1 ( i think the overall market is in consolidation and overextended selloff are more likely)
Volume = 0 (the volume has been big on this...
The severe drop in the price of Ryanair shares on Thursday 23 June 2015 was undoubtedly due to the LEAVE result in the BREXIT referendum. What are the chances that this result will have an immediate negative result in the company's fortunes? I would say: practically none. I, therefore, expect a continuance of the recovery that occurred from 23 Jun to 1 Jul.