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. Like this idea if you agree and follow for more like this.
Easy win for Easyjet given Ryanair problems and Monarch liquidation.
There's a smaller multidiagonal confluence down here and as it combines with a strong rising support zone it looks to me like it has the potential to be a good short term trade.
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
IF lower Oil Prices and good summar helped , the price could retest the structure highs. On the down side, Looking for AB = CD completion once the trend line breaks. Taking the PA to PRZ. The chart did not allow me to draw some lines lines further than today !