So, AIR breaks through the $1.00 per share mark. Depth looks good and once there is any sign of positive earnings momentum, I'm sure you will see Broker's valuations go through the roof.
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So, AIR breaks through the $1.00 per share mark. Depth looks good and once there is any sign of positive earnings momentum, I'm sure you will see Broker's valuations go through the roof.
Phaedrus, do the longer term trend following indicators suggesta trend change yet?
Trend change? Well, the share price has increased nearly 40% since early March '09 and depth is building at current levels. So, maybe?
gotta be careful here, the outlook for airlines is dreadful right now, one only needs to look at Qantas as an example of a well run airline in financial strife. air nz has been publicly confident about maintaining profitability, and may be in a position to capitalize on the downsizing of other airline services. But at the same time air nz is still vulnerable to further deteriorating market conditions.
Check out the depth on AIR!
The stock has had a massive run over the last month on good volume.
Looks as though there is still considerable interest at current levels.
Do any sharetraders have any price targets for this stock?
A long term target based on overhead resistance? ~$3.
I still reckon VBA has more potential, technically a lot more oversold and overhead resistance much further away. AIR looks due for a pullback to touch 95c again in the medium term (where I will load up and leave it)
According to the chart
Short term target at 1.40
Long term target at 3.20
Good chance of a reversal back to 95c these few weeks although risk to reward seems good for longer term investors
AMR, many thanks for your view and price target on AIR.
AIR has certainly had a great run of late - not too many billion dollar companies attract such little interest with Sharetraders despite increasing over 40% in not much more than a month!
Lets hope your views and, more importantly, price targets come to fruition.
Sorry about the late reply AMR - I hadn't noticed your query and have been away for a few days.
I presume you are referring to the longer-term indicators as featured in this post. These began firing on 13/3/09 when the slow Stochastic oscillator gave a Buy signal at 89 cents and had all given Buy signals in the weeks before your query. The sole exception here is the OBV. This entire turnaround has been on low volume and consequently the OBV is still flat-lining. This doers not auger well for the future of the latest uptrend and holders would be well advised to keep this one on a fairly short leash, selling on a break of the current trendline, for example.
http://h1.ripway.com/78963/AIR427.gif