RYANAIR (RYA) | 20-40% Profit Opportunity!?
Updated
Hi,
As promised, I would like to start to share some mid and long-term trading/investments ideas. How long they actually last, depends on how fastly they reach their targets (usually targets are arrowheads).
If I start to share some ideas from the stock markets then they are not "set and forget", every idea has a reasonable target.
The first stock has been on my watchlist for a while and it is RYANAIR (RYA).
Wiki: "Ryanair is an Irish low-cost airline founded in 1984, headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines and has Ryanair UK, Ryanair Sun and Lauda as sister airlines. In 2016, Ryanair was the largest European budget airline by scheduled passengers flown and carried more international passengers than any other airline."
Definitely, do your own fundamental research and if you find something interesting then this technical analysis should support your viewpoints!
Technically a good entry area stays between 7,5 - 8 (blue box) and it consists of:
1. 2013 & 2014 resistance levels should act as support levels.
2. EMA200 on Monthly should act as a supporter.
3. Fibonacci retracement 62%. Pulled from all-time low to all-time high
4. The gap from 2014 should play an important role in this price zone.
5. The round number 8.000 should act as support
6. A minor blue dotted trendline runs through the marked box, which acts as a support level.
Once again, do your own fundamental research and if this matching with my technical analysis viewpoints (it should make a bounce upwards) then you are ready to go! If it doesn't match then you are ready to skip it!!
Good luck,
Vaido
As promised, I would like to start to share some mid and long-term trading/investments ideas. How long they actually last, depends on how fastly they reach their targets (usually targets are arrowheads).
If I start to share some ideas from the stock markets then they are not "set and forget", every idea has a reasonable target.
The first stock has been on my watchlist for a while and it is RYANAIR (RYA).
Wiki: "Ryanair is an Irish low-cost airline founded in 1984, headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines and has Ryanair UK, Ryanair Sun and Lauda as sister airlines. In 2016, Ryanair was the largest European budget airline by scheduled passengers flown and carried more international passengers than any other airline."
Definitely, do your own fundamental research and if you find something interesting then this technical analysis should support your viewpoints!
Technically a good entry area stays between 7,5 - 8 (blue box) and it consists of:
1. 2013 & 2014 resistance levels should act as support levels.
2. EMA200 on Monthly should act as a supporter.
3. Fibonacci retracement 62%. Pulled from all-time low to all-time high
4. The gap from 2014 should play an important role in this price zone.
5. The round number 8.000 should act as support
6. A minor blue dotted trendline runs through the marked box, which acts as a support level.
Once again, do your own fundamental research and if this matching with my technical analysis viewpoints (it should make a bounce upwards) then you are ready to go! If it doesn't match then you are ready to skip it!!
Good luck,
Vaido
Trade closed: target reached
It took off just a little bit too early but it improves perfectly that you can apply technical analysis to every asset.
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