Happy Friday and something to digest before the market opens on Tuesday!!
If you take a look at the travel stocks, particularly HLO, you'll notice that short sellers are either exiting or covering their positions. This often signals a shift in market sentiment regarding the company's future prospects.
It's an encouraging sign that suggests the stock may have reached its lowest point and could be on the verge of recovery, as HLO has been trading sideways for several months, but history shows us that positive news can lead to significant upside potential. With a possible interest rate cut in February and expectations for a favourable H2 report in late February and possibly great outlook , I believe good news is just around the corner.
In my view, if you're considering investing in HLO or other travel stocks, now is the time to act.
Wishing everyone a great weekend and Looking forward to seeing you all at the travel exhibition!
HLO Price at posting:
$1.95 Sentiment: Buy Disclosure: Held
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