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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