Trends and Targets for 5/02/2019

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.

Chart goes here.

FUTURES

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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