A follower wanted me to cover this stock. Here it is.
From a high of 55 dollars in Jan 2020, it skydive down to a low of 7.24 in Mar 2020 before recovering slowly to the current price of 16.10.
Without looking into the numerous customers asking for refunds, going zero revenue for a year and having to raise additional capital ,etc, this sector, imo is not out of the woods, yet.
Yes, I agree that the price is indeed low and may appear attractive to some investors at current price and if there is a rebound in this industry, we can expect to see higher prices. At a time when the global market is feeling the uncertainty from job losses, some cities remain shut down, etc, people would not be in the mood to go for such leisure travel at least for now. They would want the "air" to be clear and ensure it is truly safe to travel before considering taking up.
Be it a family trip, company events, theme parties, etc, group bookings are adversely affected in the tourism industry, bring many travel agencies to their knees and bankrupt.
You can see from the blue box that price action is stuck in a range for several months already and this may go on till early next year.
Those who are keen to pick this sector must be prepared to hold for a relatively longer time frame to see decent results.
hope this helps.
From a high of 55 dollars in Jan 2020, it skydive down to a low of 7.24 in Mar 2020 before recovering slowly to the current price of 16.10.
Without looking into the numerous customers asking for refunds, going zero revenue for a year and having to raise additional capital ,etc, this sector, imo is not out of the woods, yet.
Yes, I agree that the price is indeed low and may appear attractive to some investors at current price and if there is a rebound in this industry, we can expect to see higher prices. At a time when the global market is feeling the uncertainty from job losses, some cities remain shut down, etc, people would not be in the mood to go for such leisure travel at least for now. They would want the "air" to be clear and ensure it is truly safe to travel before considering taking up.
Be it a family trip, company events, theme parties, etc, group bookings are adversely affected in the tourism industry, bring many travel agencies to their knees and bankrupt.
You can see from the blue box that price action is stuck in a range for several months already and this may go on till early next year.
Those who are keen to pick this sector must be prepared to hold for a relatively longer time frame to see decent results.
hope this helps.
註釋
It attempts to break out of the resistance once more and tonight we shall see if it can close higher to sustain the bullish move.....註釋
I took a small position last night
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