The RYAAY (Ryanair Holdings) recently hit the second price target (T2) for a 15% profit, then lost that support, backtested it from below for about a week (support, once broken, becomes resistance) & is resuming the downtrend towards the next potential targets. Previous charts (initial entry & T1 being hit) as well as the updated daily charts below.
RYAAY daily Feb 11th
RYAAY daily March 9th
RYAAY daily May 4th
Note: Since I didn’t officially make the potential 3rd & 4th targets ‘official’ targets before T2 (the initial final target) was hit, I’m going to move RYAAY to the Completed Trades archives. However, I do think the stock has a decent chance of continuing down to at least T3. Those still short might consider lowering stops to protect profits at this time.