Jako - BRG $19.45, sitting right back on that major Support line & also the 50(d)SMA. This week will be interesting to see the strength of these Support areas.
A look at the travel market:
QAN:
FLT: (monthly chart)
WEB:
Saw a video last week on HK airport with dozens and dozens of Cathay planes parked up and not in use due to the riots and now CV-19. Airlines slashing fares. Last week, there were return flights Melbourne to New York for $775. Air Asia GC to KL or Vietnam return for around $130 to $170. Hainan Airlines in China going under (well Govt hands). How many airlines will not survive the 'turbulence' this year... ?
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Jako - BRG $19.45, sitting right back on that major Support line...
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