easyJet
A trading opportunity for you?
Will easyJet break support, or will it rise again to 1400p?
- Rising support since late Nov, latest bounce at 1214p
- Now trading 1250p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 1400p?
- Shares -8.5% from 2019 highs; +16.2% from 2019 lows; +13.3% year-to-date.
- 14 Feb: Credit Suisse says easyJet consortium deal for Alitalia could face scrutiny:
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading easyJet – An Example
Let’s say you like the easyJet chart and you think the price is heading back towards 1400p again. You decide to buy exposure to £10,000 worth of easyJet using a CFD, at the current price of 1250p. To do this, you need £2,000.
Let’s assume easyJet rises back to 1400p highs (+12%). Your profit would be £1200, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. easyJet falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.