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Mat_cl
Jun 21, 2021 3:20 PM

Soon airports opening in Chile Short

LATAM AIRLINES GROUP SASSE

Description

Even though LTM is under 11th chapter review, the soon end of covid lockdown and the airport reopening will send the stock price up to $2500

Comment

- Delta Covid-19 variant confirmed by Health Minister, 06/24. bearish :/
- Chilean boarders will keep closed until 14th july.
Comments
LiquidityMaster
Are you long or short? I'm asking because the title of your publication says short, but the drawings say you're long. Either way, I will short LATAM because it's showing the end of a five-wave formation after the consolidation of a symmetrical triangle (the price objective is the yellow box). As long LATAM does not break the 0.618 level (with confidence), a possible formation of a new wave may be the next step for this symbol, and higher prices should be expected. In any other case, the bottom may be in lower levels, possibly around the CLP 1.000.

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