RE:SIA Chart & TechnicalsIt's still early in the day but a close at or above $11.40 would be bullish.
The company in my opinion is undervalued at the current share price. It should be trading at or above $14 per share and even then, if they continue to improve fundamentals in the coming Quarters, its value could move it higher, closer to pre-Covid 19 levels.
Right now, the Ceiling Debt Drama is dragging the overall markets, but that will pass, and the Debt Ceiling will increase again.
What is needed is Accountability and Responsibility with Budgetary constraints and measures so that the Ceiling never needs to be increased in the future. When is enough, enough?
Governments around the world, not just the US, need to be held accountable for their over spending, or wrecklessness. This Drama, should not continue year after year after year.