For stable investors, we have seen the pandemic and preventive measures taken by the countries that have affected the airlines market, Suspension of flights, and the ban on receiving travelers in some countries, High oil, energy prices, and layoffs have made a huge collapse of airlines market.
for the New Zealand airlines, the time is coming to buy the small fish,...
Breaking its overall trend resistance since covid last year air nz has been bought out its long positions between 1,30-1,55 zone and is currently entering a bullish channel for 2022.
ITs overall support has now increased and with covid pandemic almost being finished with vacc rates close to 90% we will see the tourisim business looking to get back in 2022,
Price...
With further re-opening of domestic air travel in New Zealand and potential foreign destinations opening with higher vaccination rates - it would seem a good time to start reviewing companies like Air New Zealand.
Air New Zealand AIR CMP - $1.46
Looking bullish in higher time frame. One can go for short term Investment with the following entry, exit & targets
Buy at or above $1.565 - $1.575 / Stop Loss $1.375
Target 1 - $1.80
Target 2 - $2.00
Target 3 – $2.50 / $2.75
Disclaimer: This is my view and for educational purpose only.
The test for the bullish conditions was confirmed on 25th of September with a strong bounce and it seems that $1.30 resistance has now turned into support which indicates huge potential for last few months of this year and early months of next year in conjunction with the trans Tasman bubble opening on the 17th of October.
ADL is rising nicely
Price forecast...
Short position :Clear Head and shoulder pattern emerging for the daily indicating a big Bear flag,This is most likely due to the 900million injection the government has given to Airnz with its hopes to get travel back mid may-June this unfortunately failed as covid-19 took grip over air NZ travel following months.giving us the big head
and following the second...
Not going to be seen as a safe investment for a while yet for sure no one traveling Businesses will Zoom more Travelers won't want to travel if they run the chance of being Quarantined for 14 days each way i see then dropping to 90c
Intrinsic Value is $2.16 but that was based before Corona.
Candles Indicate Selling pressure has entered Return to previous Level...
Initially thought there was a bullish fractal in play, but I kept looking and it seems like wishful thinking. Considering global recession is looming, the bullish scenario playing out seems highly unlikely.
We are at resistance now, so it's a good time to sell. Maybe we will revisit the 3.6 and that's a slam dunk sell.
AIR Guess Shares act diff from Forex and Crypto
Has been 19 a Share 1984 or somethinh most under priced stock on NZ market Biggest Earnings of all companies people just don't like Air lines because of competition and Feul Prices NZ has so much Tourism it's going no where
So should price "No where but up" if people had any brains and the NZ Share Market made sense
Air New Zealand Ltd. engages in the transportation of passengers and cargo on an integrated network of scheduled airline services. It also provides engineering and maintenance services. The company was founded on April 26, 1940 and is headquartered in Auckland, New Zealand.
NZX
