EZ Jet: time for the main eventflat corrections ends soon, we take profits soon and buy for the wave 5, an easy trade here.
ESYJY trade ideas
Easy Jet. Never liked the jump seat anyway! Bombs away I'm in two minds to short before the story long. You decide.
Easyjet flies higher with golden crossYield 4.54%
P/E ratio 6
EasyJet Plc engages in the provision of passenger airline and carrier services. Its principal activities include airline operations and aircraft trading and leasing. The company was founded by Stelios Haji-Ioannou in March 1995 and is headquartered in Luton, the United Kingdom.
easyJet - Ready to take off again?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
Having completed a large inverse head and shoulders bottom in the middle of September the shares have been on a great run. The recent spike to highs of 1330p was met with some profit-taking. The correction lower has been quite shallow, and the price now appears to have broken higher from a pennant pattern. This is considered a continuation pattern and therefore the expectation is for further upside in the short to medium term.
Stop: 1171p
Target 1: 1383p
Target 2: 1505p
Target 3: 1600p
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Easyjet benefits from Thomas Cook Bankruptcy Airlines in Europe have had a nice surge since the Thomas Cook bankruptcy, not alone has the news increased fare potential but it also means that much needed aircraft is becoming available.
Easyjet should benefit from the strikes that Ryanair suffered during peak times.
Technically the chart is strong with indicators remaining bullish.
P/E ratio 5.37 - extremely low value.
Company profile
easyJet Plc engages in the provision of passenger airline and carrier services. Its principal activities include airline operations and aircraft trading and leasing. The company was founded by Stelios Haji-Ioannou in March 1995 and is headquartered in Luton, the United Kingdom.
Look for support at 742p-750p for pullbackPossibly a good time to scale in sub 800p but 742p-750p will be the best entry.
EZJ Fractal AnalysisHey there again,
This time i wanted to share a more clear #fractal analysis. This time with easyJet stocks. Analysis based on Fibonacci and time Cycles.
This is the first image, based on a 1 month time frame. Ill try to keep the track in less time frame and keep you guys up to date.
Just a reminder, fractals are similar among time but not equals so is just a reference on what could happen. As you know, in this job anything could happen lol.
Note: This are my personal interpretations and case studies, and are not financial advice! Use it as your own risk!
Hope you find it interesting and you are as usual welcome to comment.
Don't forget to check my instagram:
www.instagram.com
Peace out!
Charter X
EZJ - correction nearly over?I might be being a bit optimistic here with the recent negativity surrounding financial markets and the outlook for the UK generally but I posted a couple of profitable ideas on this UK share back in 2017 which despite the count essentially being proved incorrect, I was still able to make money off it. Lets see if I am right again with this suggested count or not.
Will the ascending support line hold for Easyjet EZJ?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.
EasyJet (EZJ) Resistance and BounceThe daily stochastic and RSI seem to point to a bounce soon, and there will likely be much resistance at the 1552 mark. Considering it’s oversold when looking at the daily. I wouldn’t expect it to drop below 1552. So I am suggesting a new bull run to ensue shortly.
I'm no expert, so take what I say with a pinch of salt :)
Cheers.
Is $EZY breaking out of its trend channel?Breaking out of its trend channel?
Next few weeks will tell us the answer?
More upside for this UK stock?Further to my last chart on EasyJet the share price ran up nicely in what is perhaps 5 waves. Now it has bounced at exactly the 50% retracement of the move. I will be looking for a sustained move up to see if my forecast of a potential 3rd wave, is correct.
Strength to Easyjet's share price.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
EZJ - long setupEZJ rebounds and if it breaks 1210p and 50 MA it can continue in uptrend (target 12,9-14,25 GBP)
Upside for this UK stockApologies for a bit of a messy chart but my analysis suggests to me that this stock may be turning back up again to begin a wave 5.
Easyjet about to fly highRounding bottom on the daily chart and the bullish RSI and DMI indicators coupled with the bullish RSI divergence in the background (on weekly chart) suggests the jet is about to fly high. the stock price could test 1080 levels.
Long EasyJet at multidiagonal ConfluenceThere'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.
