Any stock associated with discretionary spending have been smacked of late and for the 1st time since the pandemic MM is in no hurry to buy into CTD’s next $6 pullback. The economic climate and consumer confidence have changed even if people remain keen to go on holiday after being in and out of lockdown for the last 2-years. We believe patience is now required towards CTD with a further 20% downside feeling a definite possibility.
MM can see CTD below $17 over the coming months
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