Will Wizz Air turn, or will it continue to rise beyond September high of 3251p?

• The chart shows the Wizz Air price action since mid-September.
• Shares in a 3-week uptrend from 2331p lows; now at 3027p.
• Shares -22% from 2018 highs; +29.7% from 2018 lows; -17.7% year-to-date.
• Will the pattern continue, the shares rising beyond 3251p September high?
• 12 Nov:  RBC Capital says Wizz Air shares are trading near a 40% discount to the multiple they deserve.
• Since late October, the shares have risen close to 25%. Will this momentum continue?

Click to enlarge

Trading Wizz Air – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Wizz Air using a CFD, at the current price of 3027p. To do this, you need £2,000.

Let’s assume Wizz Air trend continues to September high of 3251p (+7.4%). Your profit would be £740, 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. Wizz Air 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.