Will easyJet continue falling, or will it recover to 1263p recent highs?

• easyJet shares -14% from February highs
• Bouncing today from a 3-month rising support at 1175p.
• Now trades 1179p (at time of writing).
• Shares -13.5% from 2019 highs; +9.7% from 2019 lows; +7% year-to-date.
• Can the stock recover to recent highs?
• 22 Mar: Airline ready to activate “no deal” Brexit contingency plan.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading easyJet – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 1263p recent highs. You decide to buy exposure to £10,000 worth of easyJet  using a CFD, at the current price of 1179p. To do this, you need £2,000.

Let’s assume easyJet  recovers back to 1263p recent highs (+7.1%). Your profit would be £710, 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.