EZJ - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...iyaRQ8%2FrYO08KME%3D

See the gap below the 200 day ema line and breakdown below the trading range?

EZJ- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jICYybpUbJEvFgNL4%3D

You have another key price support around 430/435p area....pivot level and main trendline.
If this breaks below that level esp with another gap....look for a good buying opportunity we may possibly even see a retest of the Oct 22 lows...

One to watch for now...

atb, wdik, dyor
Trendfriend

THanks TF
My daily and weekly charts attached,... yes, I too have 335, 262 and worst case scenario 128!!!

I was expecting EZJ and IAG to be doing well...with all these demands but looks like they have issues!!!

THanks
G

EZJ.

Thanks for the update.

I was looking at JET2 and Wizz for that sector.

ezj - daly.
uk.advfn.com/p.php?pid=chartscreenshotsh...XXrOGRVu20V+aMT+WeY=

Caution with longs here around this area imvho. It seems to lost the 260p area pivot level.
There is some support around 420p but 460p was key imho.

there is a target of low 200's showing on the very long term down trend channel.
so lets see if that happens.

This looks to be in real bother...why cancel flights an hour before departure?
This is not covid absences they are dealing with....they know weeks ahead how many staff they have!
Serious mismanagement from ezj...BA and other airlines are managing the situation much better...

atb, wdik, dyor.
trendfriend

.

Syrian,

I also have support, just about holding at 460.
Support between 460-417, close below that, and I think it's around £3.

Wizz is also struggling, doesn't want to close under £22 really, opens up £20.

Megaphone pattern forming? Support in 460 area seems to have been tested/held. Travel disruption over played by media and they have all airlines have clearly over sold capacity - which is a positive. Staffing levels will recover into the summer. Fuel cost is still a headwind.

for EZJ. watch 450/460p area... key pivot level and strong support.

A drop below 450p on a end of week closing basis could well see substantially lower while below that level possibly down as low as about 250p area.
I think longer term it could break down...in the mean time there is a good opportunity to long scalp trade any test of 450/460p with a stop below 417p.
buy the support sell the rally at resistance....just don't be too greedy as this is still long term bearish.

atb, wdik, dyor,
trendfriend

Trendfriend,

You were spot on.

Looks like your 350p target will be hit.

All the airlines, are tumbling.

I was looking at Wizz, as Remo mentioned and Jet2.

Jet2 around 700, 61.8% fib is 720ish.
Wizz around £20, full 100% retracement.

Any chance of a review.

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...4aAwHLJJPDcPOMRFw%3D

breakdown looks imminent here ivho... so tempted to short this!

atb, wdik, dyor,
trendfriend

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XXxtZ96iYyb7SvYV8%3D

looking at some charts that may have long term buying opp's coming round....if i'm patient
i think this looks pretty likely to hit my target of 350p area....so still another 50% or so to fall from here.
could actually go lower....will take a look closer if it continues lower.

lets see....
atb, wdik, dyor,
trendfriend

nicely done and good call Paitech.

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...wvwrG4okRJEE36zps%3D

Strong rally here, this has closed the big gap....which is always a good sign for bulls...however it looks like its failing at the 20 day ema line and the rsi has retreated form the neutral 50 level
Those are pretty low bars for bulls....
lets see how it reacts?
i still think new lows...but as always wdik!

atb, wdik, dyor,
trendfriend

Hi TF
Good to see you back...
I bought and sold even before they announced that RI.
Hold none currently.
Thanks for honest opinion, it counts a lot.
Happy trading and good to see you.
Hope your family all good
Ta
G

Been a while....hope all are keeping well?
Have been trading here and there....been very disciplined not been adding to loosers....only adding to stronger stocks i'm holding.

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...xa36M9UlRVmXZ+S79YE=

This was around 850p when i called it down..
Not far to go now for 400p....if it does hit that area worth a long term buy...but if that level fails

Huge placing coming up...was only a matter of time imho...
Sorry Paitech...i know your holding....but will always post my honest opinion ....even though i'm so often wrong!

atb, wdik, dyor,
trendfriend

Easy tiger....
you are scaring the sh**t out of me now... with 400 target !!
I have now opened my SIPP account,and slowly needs to add few into it..

thanks for the charts , stay safe, happy trading, regards to your fam.

ta
G

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...wuOVYboWjI/ZoUbHxtA=

Risk of a drop down to possibly as low 400p area here imvho....as per the current broadening triangle on the daliy.
Lots of price supports between 800p and 400p but it would not surprise me at all that target hit...
lets see,

atb, wdik, dyor,
trendfriend

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...iP5rpqvFcfwkkel3I%3D

As things stand and while above the 50 day ema line this doesn't look to bearish at this moment...
However it doesn't look convincing on the bull side of the argument either imvho....

does that look like a island reversal?? (in the blue circle)
This should hit 831p imho....but will that level hold...

The jets are not going anywhere....and the clocks ticking...in my view this is overvalued along with IAG...
Having said that....i have been saying that for a while now though so as always wdik!

atb, wdik, dyor,
trendfriend

May bounce of 850? or may head to 200dma at 714p area?
would be tempted to buy...
ta
G

ezj - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...qbj%2FxcYCMuPN19c%3D

670p support looks key atm....break below 670p would a lower low after the swing move higher.
if 670p does fail we could retest the lows sub 500p area....imho

I do think this will not make a new low now .....just a possible retest of that 470/500p area.
The rsi has broken below the support line form Aug...and is below the 50 neutral level.
So that move lower does look a real possibility.

lets see...

atb, wdik, dyor,
trendfriend

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ed8NgOap1J02Mkzls%3D

i don't see any real breakout here imvho...

caution here as well imvho...
you have three or four attempts to get above the 50 day ema line and then the bulls give in....resulting in a big drop...this looks its that drop is imminent now imvho....
watch for technical event around 460p....

lets see...

atb, wdik, dyor,
trendfriend

I missed going long on EZJ at 470s.
But, now it looks like a good go till 650s?
I may go long , if I get a chance today!
Charts attached. Moved above long term down trend line too...

Hi TF,
I bought some at 545p, sold this morning for 627p.
Looks like it may break 50ma.

ezj - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...w5IVFx2bGZ25ZhDPA%3D

this trying to break above the 50 day ema line. could be worth getting long on this but only if get a gap above that 50 day ema line

atb
trendfriend

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...F70AJsFjdb1MpUWtI%3D

I too was watching this....and didn't take the long....i have not been trading much tbh...been busy with some other matters and i do think these markets will retreat lower short to mid term imvho....
so i have just been closing positions on any rallies....

however a couple bullish signs here....so i may get tempted to go long myself here....
The rsi and the falling t/line look to have been broken above. Could well be a sign of further strength short term at least.
if this can get above 593p......it should get to 647p above that could well see the 800's again.....

Lets see how 593p goes first imvho....

atb, wdik, dyor,
trendfriend

TF, it perfectly bounced off 490-500 area, but wasn't brave enough to go long....
now its hit 599 today!

Closed my second short at 520p.

Nice trade there.... good to hear...

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...7R%2FMtlR9qJ21KMk%3D

This could go a lot lower imvho....
If the red line around 490/500p gets busted....i think it will go to the blue support trendline as low 340p imvho....
This is most likely very long term holders...mostly big boys...funds etc selling here now....
its got to be painful selling in the 500's when a stock was trading closer to 2000p!!

lets see...no buying this unless we see higher high...imvho..or maybe at mid 300's imvho

atb, wdik, dyor,
trendfriend

TF, thanks for this.
Shorts closed today at around 591p.
Short from 675p ..
Now if you could say, how low are we expecting, so I can go long...
I owe you a beer

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...3PO14CT5Zpw8jN2ew%3D

no real evidence to show the rally after the crash was anything more than a relief rally.....
Real bull strength only happens if it can clear the 200 day ema line and with that we get a h/high as well......

until then watch the triangle....will it break up or down from that??
in my opinion it will be down....

atb, wdik, dyor,
trendfriend

Hi TF
Is it still on downward movement?
Ta
G

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...J2cVizZBRl4d4WRNI%3D

this sort of gap below the 50 day ema line is never a good idea

this should at the very least retest the lows...with that gap being the the momentum trigger for a down move imvho...

atb, wdik, dyor
trendfriend

ezj- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...VWmsLzQKdUvRHNGCBQ8=

a decent rally here as well off the 850p support...
needs to break above the 20 day ema line by tomorrow...for me to continue to hold...

lets see..

atb, wdik, dyor,
trendfriend

ezj- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XlVw0Wt8zIqtew90c%3D

i could not resist....fortunately we did get a bounce from around that 850p area....and then a nice rally...

more to come here...950p>1050p looks possible imvho...

atb, wdik, dyor,
trendfriend

This may go further down as it's coming out of FTSE.... More selling will happen..
Just my 2 pence.
Chart looking nice for a short trade

Ta
G

EZJ- weekly.

uk.advfn.com/p.php?pid=chartscreenshotsh...XcKWu3YuBNQXLtJ8DF0=

this is approaching key support at 850p..

worth a long with tight stops, first test only of 850p imvho...

atb, wdik, dyor,
trendfriend

This has got a 123 low break out now
In profit from earlier entry already so should be a nice free trade


dl.dropboxusercontent.com/u/4899609/ezj9thaug2016.png

I just got a buy signal from the bollinger bands scans i did using metastock pro.



dl.dropboxusercontent.com/u/4899609/2016-08-04.png

I think your summary is spot on, this could bounce here, or dump further, possibly quite strongly.

the daily.
shows a failed 1,2,3 low or higher low failure, always bearish and a sign this downtrend is not over.




Monthly.
This looks interseting imho.
First the clear h&s top, but the neckline break(and confirmation of the downtrend) only took at 1325p
So it could be argued, the down trend has just begun.

Major support at £10, and some supports just below, as you pointed, but once (and if off course) they fail, no real major support until 750p, and 646p (200 day ema).
below that the main long term trendline at around 475p.





The saying profit warnimgs come in three's, has some truth to it imho...
www.charles-stanley-direct.co.uk/News_Fe...hird-profit-warning/

So while a well planned long around £10 makes good sense in terms technicals and r/r.

I think we may not have seen the lows here just yet imvho....
Lets see how it goes....

atb, dyor, wdik
Trendfriend

Was just about to write a note on these, so will do so, then read yours TF.




Looks like it's about to blow one way or tuther.

Chart bias is long since we have a falling wedge and three trendlines converging at 1010-1015, which ordinarily would give good support. RSI also supports a bounce.

Multiple horizontal supports at 1000/6, 990 and then 964. All within range.

However we must not disregard events in Munich (on top of all the other nutters running around mainland Europe in recent months causing havoc). These layered knocks on travel confidence could be telling.

EZJ is down 33% since Brexit and are unable to give full year bottom line guidance. Next week might offer a good entry but with risk. Will Brexit risk widen or close as the economic data starts coming in?

A break of 1000 would be dangerous IMO but a gradual mitigation of Brexit risk could make this a great buy.

GL
F4T

Follow up chart, nice trade here, maybe an idea to close around here, and go short again if it breaks below the support.

wdik, dyor
Trendfriend

uk.advfn.com/p.php?pid=chartscreenshotsh...Bx9ukv6h5mjtlVnmQ%3D

looks like a bear flag imho...the huge gap overhead is also indicative of longer term weakness imho...

short at 1117p, absolute stop 1200p above the 20 day ema for now.(will move it lower in due course)

wdik, dyor,
Trendfriend