Yield trade is back on, simples, tourism back up, Gold down, Dollar and Pound back up, AUD and NZD back to going down, pretty good set of fundamentals for airports, airlines and POO demand on a LT fundamental basis.
If SYD's SP was falling, SYD holders would be wanting to top up. If u are a SYD holder and want the SYD stock to drop, that is a general sign of confidence in the underlying asset on a technical basis.
SYD Price at posting:
$6.71 Sentiment: Buy Disclosure: Held