Wednesday, August 19, 2015

A Longer Term BUY Signal Emerges on EasyJet

Easyjet stock (LSE:EZJ) has a clean ‘buy’ signal on it, based on the current price action in the chart. In this month of August, effort was initially made to push the price upwards but this was stalled by the last bearish correction. However, the price is now gliding upwards smoothly.

This is an interesting development.

4 EMAs are used for the analysis; and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart. It can be seen that the EMAs have all started sloping upward – with the price above them.

The other 3 EMAs, plus the price, are all above the EMA 200. It is a bullish indication. The northwards journey has already started and it would hold out till around the middle of February, 2016.  

This forecast is ended by the quote below:

“Trading is a game of probability. This means that every trader will be wrong sometimes. When a trade does go wrong, there are only two options: to accept the loss and liquidate your position, or go down with the ship.” - Jamie Saettele

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders

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