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NorseTrader
19 de Ene. de 2021 16:32

SAS (Scandinavian Airlines) - A contrarian COVID recovery bet? Largo

SAS ABSTO

Descripción

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.
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