positive signs for the airline industry?, page-19

Selmax,

Without any doubt that the chart is a very perfect set up. But I would like to provide a couple of points which should be taken into consideration:

- The stock did not move up on some very positive days when all ordinaries made movements up of 1-1.5%

- If the stock moves up as it happened two days ago usually it happens with a relatively large volume, then for a couple of days later with a negative sentiment on the market the stock moved down relatively quickly to the same price levels of 31-31.5 on small volumes

- Taking into an account that at the moment the main market direction is down, so even this so perfect set up probably will not work, you really need very good fundamentals in the stock for a move opposite to the market direction.

Hope this helps.

irynka