Travel and hospitality have been hit really hard during covid, and while the situation appears to be stablized in Australia and New Zealand, i believe the risk/reward ratio of some of the travel related stocks are on point get recover reasonably. The two in my spectrum are New Zealand Airline and Webjet.
New Zealand Airland - I dont think they will go bankrupt...
AIZ follows an uptrending channel, the entry point will be the next bounce on the bottom channel line which also corresponds to a support. TP when hitting the top line which also fits the 103$ resistance.
MACD is really bullish and RSI follows an uptrend.
SL: 94.25$ (bellow support)
Previously missed the short above but it pullback up to the highs again and i am seeing financial institutions adding to their previous shorts as well as new short sellers are coming in as this is a low risk high reward opportunity that cannot be neglected.
Trade Well 2smart2trade.