Originally Posted by
Maxtrade
If AIR has had enough resistance to keep it from dropping below 1.50 even during NZ's second lockdown, might this suggest the SP could hold and not drop to the depths of $1 or less with the pushed out capital raise? Maybe there is enough believers in the company to support the SP from falling. Especially once the vaccine rollout reaches targeted 80% and things start resuming some kind of normality with travel and the influx of tourist bound to flow then. Pent up desire for people to travel again. I would have though this second delta lockdown would have tested the lows of where AIR SP might go. However there was enough support to stop falling below 1.40.
Thoughts?