Air New Zealand Monthly Chart

8월 16일

Air New Zealand monthly chart,

Descending triangle which is at 25 year low, triangle are often wave 4s which suggest it still wants to go lower
I actually want to see this break the low and create a 5th wave triangle overthrow as shown

This would be a great buying zone as the current price of $0.587 is offering a 7% dividend, if it were to drop to 42-44cents then it will increase to 10% yield, going back to pre COVID, the dividend went up to 0.08c
Downside is $0.40
Upside is dividend 7-10% possibly increasing up to 20%
Capital appreciation even up to the top of the triangle is 300% gain...

Risk is the company is carrying too much debt and the operating profit is very low at sub 5%, so there likely needs to be a restructure
Blowing the price to a new all time low will definitely create a catalyst for change and offer a good buying opportunity

This is partially government owned so very very unlikely to go bankrupt, but can still go through a restructure to reset debt and operating expense ratios