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Why price is going up? From my point of view:
1. Air jet petrol price decline abt 30%
2. Seasonal high sale quater
3. Signalling effect - high cash amount hold as disposal of asset
4. Growthing and expansion efforts
5. Expectation of another special dividend
Looking at the US market, hard to tell. But i expect those blue chip will drop becoz they want sell for kpi and AA is one of the very few counter they should play and ramp.
If next week drop below 2.7, then i suggest those who bought at 2.75 to top up to average down. If next week continue ramp above 2.8 and rally at 2.85-2.9, then likely will continue ramp until Xmas already
