Auckland International Airport (AIA:NZX)
Technical Analysis: AIA shares were hard by the pandemic, and as international borders remains closed it has traded in a volatile fashion. We identify strong support down
at $7.00 per share, with resistance at $7.80 – where it is currently trading. We anticipate volatility to remain given heavy travel restrictions likely to persist for the next 12
months or so. The stock could trade near pre-covid levels (~$8.20) but we only forecast this once unencumbered international travel returns.
