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
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