Market Cap is so small that any Hedge Fund will pump this until trading bots start auto investing. When that happens we can see this stock close to $4.00 then reaching $8.00 based on momentum and FDA approval news.
Just my opinion, not investing advise, trade at your own risk
I believe that LATAM Airlines is a great buy here. It has been showing some upward momentum lately and is poised to make gains as the entire Airline industry recovers. If you want to buy value this is it! My first target is roughly $8.00
Starting with the April 2018 high down to the September 2019 low, price retraced up to the 62 fib during the British elections, also bouncing off its years long resistance trendline .
From the election high down to the December 23rd low, the 62 fib was touched on December 31st.
From that high down to the January 3rd low, price jumped just above the 62 fib...
Double bottom. Somewhat of a bull div. Looks like downward momentum is weakening hence the "div". Needs to hold 3300 else look for better entry. 1890 would be optimal buy imo. A break and bounce off of 5000 would be most safe entry imo. Could consolidate for sometime before a move.
