Ryanair Holdings #Gold #Nasdaq Our July 2018 report on #Ryanair (link here) provided a masterclass in predicting share price movements. The image below highlights something we usually don’t bother giving but the 3 drop levels achieved were quite vivid. What’s next as we always like a share which plays by “the rules”?
First and foremost, there’s the issue with our “bottom” at 10.7. Obviously, this level was broken and remains a worry, despite recovery in the period since. The situation now exists of weakness below 9.83 expecting travel to 8, perhaps even 7.5 Euro. The proximity of the two targets almost suggests the airline must bounce at such a level (if achieved) as our ultimate bottom is down at a silly looking 1.85 Euro.
On a more positive note, it’s currently trading around the 11 Eu mark, needing only above 11.75 to enter a cycle to an initial 12.45. While note particularly impressive, should it manage above 12.45, longer term recovery to a trend testing 13.9 is expected. We do expect the Blue line on the chart below to introduce some sort of hindrance to any rise, if only due to the downtrends quite contrived nature.
For the near term, we suspect it shall continue some recovery but until it closes a session above 12.45, caution is advised.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
10:18:33PM |
BRENT |
62.83 |
‘cess |
||||||||
10:23:39PM |
GOLD |
1312.77 |
1307 |
1303.5 |
1296 |
1316 |
1315.5 |
1317 |
1320 |
1310 |
Success |
10:32:07PM |
FTSE |
7063.49 |
‘cess |
||||||||
10:33:51PM |
FRANCE |
5018.2 |
Shambles |
||||||||
10:35:47PM |
GERMANY |
11198.84 |
|||||||||
10:38:28PM |
US500 |
2722.72 |
‘cess |
||||||||
10:40:13PM |
DOW |
25225.2 |
‘cess |
||||||||
10:41:47PM |
NASDAQ |
6940.64 |
6854 |
6808.5 |
6753 |
6923 |
6975 |
6982.5 |
7025 |
6863 |
Success |
10:43:31PM |
JAPAN |
20886 |
Shambles |
4/02/2019 FTSE Closed at 7034 points. Change of 0.2%. Total value traded through LSE was: £ 5,469,162,588 a change of -2.7%
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