We actually broke out on the vaccine news in November last year, but then have had 4 months of consolidation, and been weaker than made much sense to me given how its competitors are trading . But yes the break of 38/39 (range top) is great news , daily close above will be more good news, we've broken through the bollinger mid point on monthly charts, etc etc, 55/65 is next obvious target
Remember the fundamental story is a boom in Aus/NZ domestic tourism (A net $20bn is usually spent on tourism offshore , but will now be spent onshore) , there are not enough motel beds for families etc, so RV/Carvans are making increasing sense. Hire cars are reporting boom business.
ATL management has a passion for not updating investors in difficult times, and this can be relied on to continue.
ATL Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held