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| Jet Plc |
RECOMMENDATION :
Sell
TARGET 1130
STOCK SUMMARY:
The major trend of
Easy Jet Plc is bearish and managing to sustain at lower level with
negative bias. Stock is facing resistance from the 50 DMA &
200DMA and sustaining below that which indicating the weakness in the
stock. Breaching of the level 1230 it can test the level of 1130 with
the stop loss of 1300
CHART
FORMATION:-
Stock is looking
weak on chart and consolidating with negative bias near to the
support line.
It's 200 DMA has
manage to sustain above 50 DMA and stock is trading below both the
DMA which indicating weakness in the stock.
INDICATORS:-
RSI is trading
below the level of 50 with negative bias & given the break out of
rising trnd line which indicating the down side movement in the
stock.
ADX is trading above
25 level, Negative DI has given the break out of positive DI which is
indicating strength in the current trend.
MACD & Signal
line is trading below the zero level line , indicating the trend of
stock is weak.
