Now that the borders are opening globally and that aircraft are coming back online with people being restricted to travel around due to social restrictions. One would suspect that airport traffic will increase and attempt to get back to a new normal level. This would indicate that Sydney Airport numbers will increase their by increasing their profits and passenger turnover
Looking at the charts in a technical manner
Weekly chart has made a trend line break, now making a strong bullish candle with increase of volume. The current candle close have close above previous swing high indicating a change of trend. But is hitting a strong level of supply. This has caused price to make an ascending triangle pattern.
Suspect price may retest the new demand level on the daily chart. The next level of demand based previous price action on higher time frames and Fibonacci level, with a probability to hit next supply level of $7.60 as highlighted
Looking at the charts in a technical manner
Weekly chart has made a trend line break, now making a strong bullish candle with increase of volume. The current candle close have close above previous swing high indicating a change of trend. But is hitting a strong level of supply. This has caused price to make an ascending triangle pattern.
Suspect price may retest the new demand level on the daily chart. The next level of demand based previous price action on higher time frames and Fibonacci level, with a probability to hit next supply level of $7.60 as highlighted