Briefly looked at a graph of easyJet, and this is what I found. If the price cannot go above 1096.34, It could be a good sign for short and aim for ~490 as a first target.
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.
@abel11, I expect it to bounce around these levels of support and resistance, sometimes testing them, until mid February when hopefully we get some news on lockdowns and travel corridors being eased
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.
I expect this to break the previous low before heading to break the previous high. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
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
SL: 485.2
PT: 604, 742, Continuation.
Potential short setup (testing 603 after failing 562 before testing 517)
Short Entries: 603-616
SL: 658
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.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Our strategy works nicely on stocks, sell trade hitting target with a 1:5 RR on the trade.
Full backtesting is also available using our strategy in strategy tester on stocks.
Regards
Darren
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.
