This is one of the industries mostly beaten down by pandemic. As we have now positive news about vaccination I think this industry due upside. Another bullish sign as per technical 20MA cross above 50MA and 50M above 200MA. Most of the airline stock ticker has a similar chart pattern. As per chat setup, this has a good risk-reward ratio. Play strategy
- Buy around 22.06 which is the nearest support. Stop-loss 20.56.
- Potential target 29.25 where the gap
- P:L = 32:6
- Buy around 22.06 which is the nearest support. Stop-loss 20.56.
- Potential target 29.25 where the gap
- P:L = 32:6
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.