Easyjet forms a bullish counterattack line

feature image
easyJet, the low-cost airline, said it has signed an agreement with Airbus to defer the delivery of aircraft scheduled for fiscal years 2022-2024. As a result, the 22 aircraft scheduled for delivery between 2022 and 2024 will be delivered for 2027-2028 and 15 delivery dates will be changed for the period 2022-2024.

From a chartist point of view, the stock price has landed on its rising 50DMA and is posting a rebound. A bullish counterattack line has formed and may indicate a bullish trend reversal on a short term basis. As long as 670p is support, expect a rebound towards the key resistance at 930p. The medium term outlook remains Neutral between 460p and 930p. 

Source: GAIN Capital, TradingView


Related tags: equities

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Sign up for our interactive livestreams

Our interactive livestreams, led by our industry experts, come highly recommended and can help provide your trading with the edge it needs.
Economic Calendar