December 3, 2014

JETAIRWAYS breakout

Stock has given a strong breakout... the fundamental explanation is the rather substantial drop in crude prices which will substantially benefit an airline company as fuel accounts for large cost of its operations.

See the breakout ... 40% gain in less than 2 weeks.


EOD charts


Weekly charts (2 years)


Monthly charts (all time) - stock has been on downhill ever since it got listed.

Note triangle formation from 2009 onwards





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