When an asset is rejected at the extreme pessimism, there are high possibilities for the asset to move up; Easyjet might be ready to "jet" up!
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
So it has been reported that
What can drive the stock down
EasyJet also revealed that it expects to report a pre-tax loss between £360m and £380m for the first half of its financial year. The airline will incur significant fuel costs because it has already bought jet fuel for its planes, with no certainty of when they will fly again.
EasyJet grounded its...
Buy EasyJet (EZJ.L)
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
Market Cap: £4.77Billion...
Looking at the monthly chart we can see an ascending channel, look out for a bounce off this approximate level in the next few days, if so it could be the beginning of a new bull run for Easyjet.
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