Easyjet forms a bullish counterattack line

Blue avatar for FOREX.com guest contributors
By :  
December 22, 2020 5:36 AM
2 views
Market chart showing uptrend
Blue avatar for FOREX.com guest contributors
By :  
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

Latest market news

Are US deposits safe? Don’t bank on it Nasdaq bulls
Today 01:44 AM
FOMC meeting recap: Dollar dives on “dovish hike”
Yesterday 06:57 PM
Suderman Says: Rates up as expected, but peak in sight?
Yesterday 05:34 PM
Algorithmic trading guide for beginners
Yesterday 02:00 PM
US Open: Futures flat ahead of the Fed rate decision
Yesterday 01:06 PM
GBP/JPY extends recovery as hot CPI boosts BoE hike odds
Yesterday 12:01 PM

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Open account

Web Trader platform

Our sophisticated web-based platform is packed with features.
Learn more

Economic Calendar

view more

Latest Equities articles

Close-up of stock market board
Reddit stocks: what meme stocks are trending?
By:
Joshua Warner
Yesterday 11:57 AM
    Graphic of trading data chart
    Big Tech layoffs: Are there more job cuts to come?
    By:
    Joshua Warner
    Yesterday 09:38 AM
      Canary Wharf London cityscape at night with HSBC building
      A guide to the banking crisis: What happened and what comes next?
      By:
      Joshua Warner
      March 21, 2023 05:16 PM
        Finger pointing on market chart data
        GameStop Q4 earnings preview: Where next for GME stock?
        By:
        Joshua Warner
        March 20, 2023 01:08 PM

          StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.

          StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.