I have been long since around 1000 - think RSI needs to cool off a touch before an assault on 1175, will add on any weakness. Notional value of my trade is around £20k - £20ppp
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.
