SAGA Bullish Compression Ahead of Potential Breakout
Considering the potential minor setbacks it could face with its river cruise, this stock still has a lot going for it. From a technical point of view it also still looks very bullish, with a series of rising lows now reaching the 700p level. Volume has told the story along the way too, strong buying support as price pushed through 500p, followed by a tight squeeze higher on high volume rejection to the downside.
I wouldn't be surprised to see this one break out, and any disruption from the river cruises could see loyal customers offered preferential rates on their ocean cruise lines instead, that's what I would offer anyway. Results are not for a couple of months yet, but worth keeping your eye out for a trading update.