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EASYJET FLIGHT 1927So it has been reported that What can drive the stock down EasyJet also revealed that it expects to report a pre-tax loss between £360m and £380m for the first half of its financial year. The airline will incur significant fuel costs because it has already bought jet fuel for its planes, with no certainty of when they will fly again. EasyJet grounded its planes a week after Prime Minister Boris Johnson announced the UK Covid-19 lockdown on 23 March. The company had a full roster of pilots and staff during that period when many flights were being cancelled, leading to a rise in costs. It also only started furloughing staff after the end of March. It said it had a cash balance of around £3.3bn and based on a number of scenarios, it would have enough reserves to "remain liquid", should its jets stay grounded for nine months. The airline said: "At this stage, given the level of continued uncertainty, it is not possible to provide financial guidance for the remainder of the financial year. This comes after Thomas cook Collapse. Passenger numbers grew by 2.8% year on year, despite widespread disruption from strikes in France during which 871 flights were cancelled between October and December. The airline said that robust demand and slow capacity growth, with only 1% more seats flown, contributed to an increase in revenue per seat of almost 8.8%. It ascribed about one-fifth of that growth to the collapse of rival Thomas Cook last September. While it traditionally struggles to make money through the winter months, easyJet said it was on target for losses “better than 2019” in the first half of the financial year, despite an increased fuel bill. What could drive the stock up! EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and is planning for a slow recovery, the British airline said on Thursday. Big players in easyjet could move the price as high as it wants knowing that it will continue to grow after the covid-19 the old saying goes Buy low sell High! Well the stock price for this was very low all time Low i beleive and did we miss a big oppitunity to BUY and Leave? Or was we right to keep waiting? Comment below!
LSE:EZJ
by DH-FX
WILL IT BREAK NOW OR WILL THERE BE MORE DOWNSIDE FIRST?Glencore Xstrata PLC is a leading integrated producer and marketer of commodities, operating around the world and employs in excess of 27000 people. The group's commodities comprise of metals and minerals, energy products and agricultural products. Glencore is today South Africa’s largest exporter of thermal coal and is also the world’s largest ferrochrome producer. Gelncore Xstrata’s strong history and global scope makes it a good commodity to buy with the expectation of long-term growth. The share has proven itself as a great performer when global economic growth is strong. Let's look at the technicals Weekly: There is not a lot of data to go by on the weekly timeframe since the merger with Xstrata in 2013. This means that we will still be waiting for quite some time to see a structure formation take place. As things stand now, on the weekly time frame there are a number of structure options. I am however using the low and the current high based on the recent double top in order to project a possible retracement level. I believe that there will be a move to the downside to test the 38.2% retracement level and possibly the 50% level. I will be looking for reversal indications at those levels respectively. Daily: Price is currently trading within a corrective formation. We could see a break to the upside on the current wave but I believe it is more likely that there will be a a move to the downside to test the Fib retracement levels and complete a larger correction. Ultimately I expect a break to the upside.
JSE:GLNLong
by Linton_White
IAG Plc building up blue sky pressure?IAG Plc LON:IAG) Last couple of days price has tested short term support and failed ending both days in more of a bullish mode - a possible sign of a build up of pressure to move into blue sky territory? Next upside Fibonacci longer term target in the early 800's. If it fails here, then the gap around the late 580's should be watched closely. EasyJet results out tomorrow and their potential move abroad may have some bearing on the short term.
LSE:IAGLong
by StephenHoad