SYD as a travel stock has bene impacted by Covid but its potential is looking up with the vaccine rollout and talk of a Singaporian travel bubble with Australia.

Coming off a significant low price appears to be forming a rising price channel (within a much larger price channel). Price has just bounced up off the lower boundary of the smaller channel and could be expected to move back towards the upper boundary and prices in the vicinity of $8.40 SYD is a potential longer term hold.

SYD 12Mar21


Robert Norman

Phone: 0428 346 951

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