Air New Zealand is in a Wave 4 consolidation for continuation to the downside. Invalidation is a break to the upside of the purple box..
The catalysis would need to be something much worse than covid. And looking at other airlines it shares the same fate... is it possible could 'they' inflick some type of natural disaster that will disrupt travel?
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.
AIZ has provided a great buying opportunity after the recent pullback. Price got supported and bounced off the 200 SMA and the POC of Volume Profile, and has broken the Bearish Trendline with High Volume. The MACD is also Bullish which indicates that the upswing in AIZ shall continue. I will be targeting the recent highs as take profit.
TP2 - $1.740
TP2 -...
ANZ is filling up the gap created back on 10 November 2020. Following a downtrend from 1.850 news coming up in 4 days. Sellers in control now, huge selling volume. The support line at 1.435 which sitting at this moment, if can't hold the next support is 1.330 then major support at 1.20. Hopefully, we can see an up trend form here. Not financial advice, Do your...
AIZ had been dumped hard during the year due to COVID 19, but as it has shown great strength and have pumped up recently, and it is evident that it is struggling to go higher, but is facing resistance at 1.875 9previous resistance level).
1. Clear impulsive move up
2. It has formed a golden cross
3. Impulsive price action with high volume
4. I will be confident...
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...
Air New Zealand stock was down to the year low due to COVID 19, recently it pumped up as the lockdown is nearly finished, we expect the economy will start to regain and back to the previous high.
