The price is rebounding from the monthly support level. Currently, a beautiful breakout of the trend line is visible on the weekly chart. Stoploss below the previous bottom, Take profit just before the next obstacle: the resistance level.
#WIZZAIR • WIZZ AIR HOLDINGS PLC SHARE • BET
SHORT TF D1 , TP = 10455
The trend continues, the nearest support level according to my calculations TP 10455
for the aviation industry im bullish, making a good pandemic recovery, The aviation market is anticipated to register a CAGR of over 5% during the forecast period (2022 - 2027). it is expected to take 2-3 years to recover completely. However, the return of the Boeing 737MAX into service and the recovery in domestic demand helped the OEMs in obtaining more orders...
📚Wizz Air PLC looks primed from a price action perspective to move higher. Price is currently being supported by a bullish price channel, which price is respecting. The 100 day MA is also holding this bullish support line. Price is currently trading between the 50 day and 100 MA. Should price break above the 50 day MA and out of the short term bearish price...
Sometimes only one line can tell us a lot more than we think about the technical scope.. There isn't much to say about #WIZZ, I think there is a new risk of a big drop at any moment, unless the stock price is permanently above the line.. Also, due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult...
On the weekly timeframe, we can spot a double-top formation in the first 6 months of 2018, with the price hitting 3800 twice. After the double-top formation reversed, the price broke the 3000 level, and reached down to 2310.
Zooming on the daily timeframe chart, we can spot a double-bottom formation during the month of October 2018, with a consolidation area...
#WizzAir strongest UK airline stock at the moment? Fundamentals look good and technicals aren't that shabby either! Recovering strength from recent short term dip? Currently trading 3142.
