What will it take for LCC to break through $17 again? Does the MACD starting to turn positive on the charts again signal anything?
One positive for the airlines going forward is that there is an expected pick up in gdp. And a stronger gdp would translate to stronger revenue.
Yes, the MACD has started to turn up. It left a gap this morning, and has now filled it. And it is also sitting at the 50 dma ... we'll see how goes.
Would be over 17$ if not for Fng Egypt, although I would add imo getting rid of Morsi a good thing for Egypt and MEast in the long run.