MM has been a fan of CTD for a while looking for an optimum entry opportunity but the stocks chopped around since last November challenging our buy zone on occasion but alas falling short. At this stage we would want at least a 10% pullback to offset the risks associated with a prolonged NSW lockdown which could spread across the country, but if we do see short-term weakness in the tourism sector this is a standout business in our opinion.
MM likes CTD around 10% lower
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NB For the traders amongst our subscribers we like the “sell Flight Centre (FLT) but Corportae Travel (CTD) pairs trade”.
