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Wednesday, October 12, 2016

Easyjet Crashes

Easyjet stock (LSE:EZJ) has crashed and the crash has created a long-term downtrend, which is supposed to continue till the end of this year.


4 EMAs are used for the strategy and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left side of the chart. All the 4 EMAs are sloping downwards, signifying a serious downtrend in the market.

The stock made a rally attempt in August, only to crash further in September… And the situation remains on.  Any upwards bounce that is witnessed on Easyjet would merely result in a nice opportunity to short further. This is what the price action is currently revealing.

Easyjet is expected to crash further downwards, reaching the support levels at 900.00, 850.00 and 800.00 before the end of the year.

This forecast is ended by the quote below:

“Here’s an interesting statement: In terms of price range, we are currently experiencing the tightest volatility contraction since JFK was president. There have been multiple generations of traders who have never seen volatility this tight.” - D. R. Barton, Jr.   

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies  
  

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng


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