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Potential Sell Entry Alert to Watch HLO
Time Frame : Daily/Weekly
Sector : Consumer Services/Consumer Cyclical
Key Stats : $586.19 Million Market Cap, VWAP 4.608, ASX Ranking 327, 4 Week Av Turnover $288,414, Current Turnover (Intraday as at time of alert) $408,456, PE 16.1, Div Yield 3.95%.
Company Overview : Helloworld Travel Limited (HLO, formerly Helloworld Limited) is an Australian and New Zealand travel distribution company comprising retail distribution travel businesses, destination management services, air ticket consolidation, wholesale leisure, corporate and online operations. Its operations include Retail Wholesale and Inbound and Corporate, which are located in Australia, New Zealand, Fiji, South East Asia, India, the United States of America, the United Kingdom and Europe.
Broker Consensus : HOLD
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HLO – Helloworld Travel Limited
HLO is showing some weakness that was well and truly underway prior to the market selloff. We expect that the price will continue to come under pressure as market volatility increases and markets reset themselves. We are watching now for a rally in the daily for the entry setup lower high and then continuation lower to 4.00 and below.
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Stock Code : HLO – Helloworld Travel Limited
Company Website : www.helloworldtravel.com.au
Current Price : 4.58
Status : On watch for potential lower high and push below 4.00
