Technical Analysis: Auckland International Airport Shares have rebounded strongly on the back of a recovery in international travel. While not quite at pre-covid highs of $9.85, at levels of above $7.80 is still elevated and does not consider the higher interest rate environment meaning it will be harder to justify pre-covid valuations even if Interntional travel had recovered fully (which is still some time away). AIA has broke past $8.00 three times over the last two years and we see anything above $7.80 as an attractive take profit zone, while we would be buyers below $7.00, which has happened a couple of times and just below the $7.15 support level.