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
What Super Traders Don’t Want You To Know: Super Traders
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.
Hot Features
Premium
Register for real-time alerts, custom portfolio, and market movers
