Sellers in control and set to continue the move lower as price is under pressure

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

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.

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