I guess for me I had taken a look at the stock that hadn't yet bounced back from the dive we all had a few weeks back. I noticed the travel sector hadn't bounced back up and that there will be a travel boom at some stage. I figure digital travel agencies will be the first to return as they are the entry point to the sector and don't require face to face. Also consumer over business as business has learnt to deal with things remotely as opposed to in person. I'm still looking to find the bottom and figured it's around the ~$3 mark and from there we would begin to climb. Which can still very much happen, however if it's anchored to the asx 200 and we are continuing to have new day highs of COVID, I suspect that the bottom may be lower. Just don't know if it's lower than the low it hit a few weeks back - which is my biggest concern as the lower it goes, the greater it needs to climb to get back to where we are today.
TLDR still just attempting to pick the bottom of this
WEB Price at posting:
$3.03 Sentiment: Hold Disclosure: Held
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