We know what happened to the casino scene in Macau, where it's dominant business is for the country.
With the travel restrictions and fear of getting infected, the rich and wealthy players are still not visiting in packs to the casino much to the disappointment of the operators. However, stock market is forward looking and traders are betting with the reopening of the casinos, it is a matter of time before the revenue starts to pick up strongly.
For ERI, it is now traveling in a uprising channel, so let the price comes down to the lower channel if you intend to long this stock.
הערה
Wow, we are near the resistance line once more, will it breaks out ?
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