$NASDAQ:RYAAY 2024-03-12 low risk entry - cup & handle patternNASDAQ:RYAAY low-risk entry, we can enter half of a position here, with tight stop and wait for the break-out
RYAAY trade ideas
Sell RyanairRyanair is now trading at close to its all-time highs. However, strong bullish sentiment could now be fading with traders/investors likely to take profits given the sharp appreciation over the past 12 months.
Ryanair levelled up 2.49% over the past 5 days.
In terms of returns, it has outperformed the Nasdaq by 142.46% so far this year.
Ryanair is currently trading with a market cap of $23.65 billion.
TRADING IDEA
Sell Ryanair at around $132 targeting $116 with a stop loss at $138.00.
Is Ryanair due for a rundown?After break of the equal highs / retail double top, retail buyers will be entering meaning institutions will neutralise them!
$RYAAY with a neutral outlook following its earnings #Stocks The PEAD projected a neutral outlook for $RYAAY after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
Ryanair at supply zone96-96 zone served 4 times as strong rejection zone in the past.
strong rejection can only coincide when major index sell-off in parallel.
$RYAAY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $RYAAY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 25%.
$RYAAY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $RYAAY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 30%.
SELL Ryan Airryan air has been loosing momentum for the past week. The price is looking at coming down.
$RYAAY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RYAAY after a Negative over reaction following its earnings release placing the stock in drift C
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RYAAY inverse head and shouldersI'm seeing an inverse head and shoulders on the hourly, which lines up as the right shoulder of an inverse head and shoulders on the daily. The hourly oscillators are showing bullish divergence on both the RSI and MACD.
Ryanair looks good for a next move upCurrent chart situation looks good for Ryanair.
The current trend channel, seems to be in place and can give another course boost.
MACD gives also positiv signals and MA200 points to a cheap price ready to go.
$RYAAY posted negative earnings as projection followed suit$RYAAY posted negative earnings with the PEAD reflecting the results in its projections with a bearish outlook. price is currently trading around the upper boundary.
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Running Flat as 2Ryanair shows strength with a possible running flag. Another trend confirmation with a rebound on the lower trend line can lead to a five-wave rise.
$RYAAY C&H Breakout (Charts w/ @tradingview)RYAAY looking to break out of its rising cup and handle formation. We have a huge gap to fill to the upside, so if we are able to close above the critical level we may see a run up this week.
RYAAY - Price and volume breakoutRYAAY - Price and volume breakout
Shares broke through another strong resistance level in today's session at 64.65. Watch for price retracement or continuation above 64.65 to go long
What will happend to this second breakout? It seems like the price is trading on sentiment right now.
The Positives :
There is talk that the curve has been suppressed.
The worst in Spain and Italy seem to be over.
Austria is looking to relax the lockdown.
The Fog :
However, we miss fundamental news. That, if you know more about please let me know.
How soon will the airline be allowed to operate again? And where will they be allowed to fly to?
Will there be an effect on how many roundtrips can do due to more strict security measures.
What will demand be for airline travel?
How long did it take for airline travel to be back to normal after 9/11 ( I think quite some time).
Are they in need of a bailout?
If yes, who will pay for it? Will there be one for all EU airlines?
Range:
The 52 week high is 16 I think it will take quite some time before we go back to that high. Read "This stock will not pop overnight"
Ryanair Holdings Plc Cuts capacity by 80%Ryanair Holdings Plc engages in the provision of low fares airline-related services. It includes scheduled services, internet, and other related services to third parties across a European route network. It also offers various ancillary services, and other activities connected with its core air passenger service, as well as non-flight scheduled services, internet-related services, and the in-flight sale of beverages, food, and merchandise. The company was founded on June 5, 1996 and is headquartered in Dublin, Ireland.
Ryanair on verge of break above Golden Pocket resistant. Irish Airline Ryanair is never far from controversy, a summer of strikes by pilots within Europe has almost passed by and looks like the company won the war having lost a few battles.
The collapse of Thomas Cook travel over the weekend has added more positive fuel to the recent rally in Ryanair , it is inevitable that passenger numbers will increase and there may be a case for increased routes rather than the decreases that was announced earlier in the summer.
Boeing has been a major thorn in the side of Ryanair as having a very large order of planes delayed, it has placed some restrictions on the airlines capacity.
Technically the chart is at a real pivot point, after a strong reversal since August, currently held by golden pocket resistance and the declining 100ma, a break above $65 could easily see a rally to the mid $70's.
P/e ratio 16
Company profile
Ryanair Holdings Plc engages in the provision of low fares airline-related services. It includes scheduled services, internet, and other related services to third parties across a European route network. It also offers various ancillary services, and other activities connected with its core air passenger service, as well as non-flight scheduled services, internet-related services, and the in-flight sale of beverages, food, and merchandise. The company was founded on June 5, 1996 and is headquartered in Dublin, Ireland.
RYANAIR takes aim at BOEING after Portuguese base exit.Ryanair was flying high one year ago, but things have went into a tailspin for multiple reasons, many related to Brexit and foreign exchange implications of that turmoil.
Most recently CEO Mr O Leary blasted Boeing for its inability to supply much needed planes that were on order, some days after the company announced layoffs and termination of their contract with FARO Airport due to their inability to meet requirements.
Next week staff are going on strike to protest pay and working conditions, at the most hurtful time during peak season.
It is obvious the Boeing MAX issues are having widespread implications worldwide and liabilities/compensation for Boeing are mounting.
RYANAIR 1D DESCENDING TRIANGLEDescending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending volume bars and descending atr line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size.
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Bearish Descending Triangle on Ryanair (RYAAY)Ryanair (RYAAY) is showing a descending triangle with declining volume and volatility suggesting decreasing trader interest. We anticipate a descending triangle to break explosively to the downside.
Trade Plan: Sell a daily close below 61.82 if the volume equals or exceeds the volume average. Use 1/2 size to reduce risk if the volume is at least 75% of the average.
The Stop Loss 1.5 x ATR on the breaking candle above the entry.
The First Target will be 1.0 x ATR on the breaking candle below the entry.
If, after entry and before the first target, a candle closes back in the triangle, close the trade (don't wait for it to hit the stop loss.)
At first target, close 1/2 of your position and move stop loss to break even on the remainder.
Follow the stops as long as the trade continues in your direction.
RYANAIR on its wave4we are into a wave 4 super-cycle begun 1998 (not completed yet)
accumulation area 60-70 (slowly opening position)
stop loss 51
