easyJet
A trading opportunity for you?
Will easyJet break support, or will it rise again to 960p?
- Rising and horizontal support at 875p; Rising range too?
- Now trading 893p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 960p (+7.5%)?
- Shares -34.8% from 2019 highs; +6.2% from 2019 lows; -19.2% year-to-date.
- Airlines hit by Lufthansa profits warning yesterday
- 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 960p again. You decide to buy exposure to £10,000 worth of easyJet using a CFD, at the current price of 893p. To do this, you need £2,000.
Let’s assume easyJet rises back to 960p highs (+7.5%). Your profit would be £750, 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.