In trading on Tuesday October 14, 2014 shares of Avianca Holdings (AVH) entered into seriously oversold territory with at one point an RSI reading of 29.5, after trading at $13.42 per share. Why? And should investors look for an entry point? The answer came as the Colombian government announced 33% tax on all Panama Holding Companies from the current 10%– AVH is of course registered in Panama so this is going to hit the airline very hard. AVH has not issued a formal statement on the effects of the new tax level as yet but it will need to shortly

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