Someone wanted to know about this counter, CAO.
They are dependent on the recovery of the global aviation industry and at present, the entire industry is still very weak. There are analysts saying that traveling may not return to the pre-Covid 19 days. I can't foretell but looking at the chart, I will not be keen.
1. it is still on a downtrend since 2017......
2. there is a support at 0.49 so if the price action over the next few months cannot break out of the bearish trend line and reverse instead, then it is likely we see it revisit this level again.
3. current litigation unresolved
4. Profitability and revenue not strong
Therefore, I will not be keen on this stock for now.
They are dependent on the recovery of the global aviation industry and at present, the entire industry is still very weak. There are analysts saying that traveling may not return to the pre-Covid 19 days. I can't foretell but looking at the chart, I will not be keen.
1. it is still on a downtrend since 2017......
2. there is a support at 0.49 so if the price action over the next few months cannot break out of the bearish trend line and reverse instead, then it is likely we see it revisit this level again.
3. current litigation unresolved
4. Profitability and revenue not strong
Therefore, I will not be keen on this stock for now.
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