EASYJET PLC ORD 27 2/7P

LSE

EZJ

See annotations. Upside targets of £25, £28, £30

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.

Breaking out of its trend channel? Next few weeks will tell us the answer?

Check the numbers on the chart when reading each point below: 1 - Was a gap down and continued the downtrend 2 - After a reversal at 1138, Ryanair and Monarch woes have signalled a reversal. 3 - Next Job for EJZ is to break its downtrend and surpass 1450

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.

A long trade appears to be setting up here with a confluence on the multidiagonals around the 11th January, so expect a big move near or around then.

EZJ has been trapped in a symmetrical triangle for a few months the boundaries have held well. RSI is showing support in the 45 area indicating decent support for the bull side. Looks ready to break to the upside in the next week or so.

Looking for a potential 20-25% trade here. Weekly RSI & MACD divergence to price. 123 low on daily timeframe. Stops just below recent low.

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....

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...