easyJet forms a bullish counterattack line
Nicolas Suiffet December 22, 2020 8:36 PM
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.
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
From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. 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. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.