Easy Jet – attempting bullish break from symmetrical triangle
Easy Jet shares are top performers in FTSE100 index.
Shares are trading 2.13% higher on the day around 1100 levels. Prices have set a intraday high-low of 1127 and 1069 levels respectively.
Daily chart pattern – Symmetrical Triangle
A bullish day end close today would open doors for a rise to 1177 (July 14 high) and add credence to the view that a mid-term bottom is in place around 973 (July 26 low).
Daily RSI and Money Flow Index are in favor of a bullish daily close.
Bullish invalidation is seen only if prices see a day end close below 1044 (previous day’s low).
Shares are trading 2.13% higher on the day around 1100 levels. Prices have set a intraday high-low of 1127 and 1069 levels respectively.
Daily chart pattern – Symmetrical Triangle
A bullish day end close today would open doors for a rise to 1177 (July 14 high) and add credence to the view that a mid-term bottom is in place around 973 (July 26 low).
Daily RSI and Money Flow Index are in favor of a bullish daily close.
Bullish invalidation is seen only if prices see a day end close below 1044 (previous day’s low).
