CTD is threatening to be another candidate for “sell the pop” after quickly reversing 8% from its recent high. We’ve been bullish this stock for most of the post COVID rally but after reaching our target area and then reversing lower after releasing a trading update outlining how the Omicron variant had impacted revenue through the 3rd quarter we feel more comfortable now adopting a neutral view. This is another example of marginal new highs failing as we’ve highlighted a few times recently.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is now neutral CTD
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