TipTVFinance

EasyJet – Fake breakout?

LSE:EZJ   EASYJET PLC ORD 27 2/7P
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 territory.

Overall, we are likely to see range bound action with a downside bias.

Bullish move would gather pace after prices see a day end close above 1177 (July 14 high).
United Kingdom
United States
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out