"The time to buy is when there's blood in the streets."
- Baron Rothschild
So if you are looking for said blood the Norwegian Air shuttle (NAS) might be worth a serious look.
Background:
Biggest airline company in Scandinavia. One of the biggest in the world (I believe Top 6).
It's based in Norway. Norway is a rich country. "Oil rich".
Like many other airline companies the company is suffering massive losses.
The state of Norway has already helped the company out a lot.
Pros:
As just mentioned Norway is rich, and I believe that the state will do everything in it's power to rescue the company. I believe the company will keep asking for more help until things get back to normal in 2022/2023.
Cons:
It's still a falling knife. Never catch a falling knife.
The company has been suffering pre-COVID-19 too.
The company has never been through this big a crisis. It could end up in bankrupcy this time. Know this if investing.
Technical analysis:
To hell with technical analysis at this point. All support has been broken.
I love TD sequentials though. Looking at the daily the TD countdown of 13 was reached monday and next monday could give us another 9 sell on the TD setup.
Be careful. Cheers
- Baron Rothschild
So if you are looking for said blood the Norwegian Air shuttle (NAS) might be worth a serious look.
Background:
Biggest airline company in Scandinavia. One of the biggest in the world (I believe Top 6).
It's based in Norway. Norway is a rich country. "Oil rich".
Like many other airline companies the company is suffering massive losses.
The state of Norway has already helped the company out a lot.
Pros:
As just mentioned Norway is rich, and I believe that the state will do everything in it's power to rescue the company. I believe the company will keep asking for more help until things get back to normal in 2022/2023.
Cons:
It's still a falling knife. Never catch a falling knife.
The company has been suffering pre-COVID-19 too.
The company has never been through this big a crisis. It could end up in bankrupcy this time. Know this if investing.
Technical analysis:
To hell with technical analysis at this point. All support has been broken.
I love TD sequentials though. Looking at the daily the TD countdown of 13 was reached monday and next monday could give us another 9 sell on the TD setup.
Be careful. Cheers