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SAS (Scandinavian Airlines) - A contrarian COVID recovery bet?
SAS(Scandinavian Airlines) has been butchered through 2020 as well as many other of its peers. Maybe now is the time to consider a contrarian bet on this stock? After experiencing extreme volatility to the upside and extreme volatility to the downside, SAS looks like it´s finally consolidating. it has a nice support area ranging from 1.57 to resistance at 1.93. It has also broken the falling trend from 1st October to 28th December. 1 option is to trade the breakout at 2 SEK or wait for a re-test at 1.57
For an investor, it could be the time to start accumulating at these levels.
For an investor, it could be the time to start accumulating at these levels.
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