EasyJet is currently up 2.6% on the day with its stock trading at around 505p a share. Next big challenge at 533p.

Also taking a look at EasyJet as some of the focus has recently turned to airlines due to higher demand and speculation of profit comebacks. EasyJet is currently up 2.6% on the day with its stock trading at around 505p a share. We can see that its price is rangebound between 440p and 533p and has been based in this channel since January. A breakthrough above 533p could see a push towards 545p and then maybe even the 600p mark. However, this is more likely in the mid-long term. The key support level sits at 440p and a dip below this price level may see a move lower towards the range of 400p-420p. Over to the technical indicators, MACD is slightly positive and the RSI has just turned positive as it now reads 58.