True. And there is quite a bit of resistance from 21 - 22.However, from a TA perspective, it seems quite positive for a move into this resistance zone. Is a pullback possible? Naturally if the macro situation worsens, back towards 20 very likely.
The other scenario is over the next 6 months, a move up towards the 22 resistance, which I think will be a strong barrier, but once through it, all time highs are the next stop.
All of this is on TA only, so the annual hopefully has no surprises and interest rate increases need to be kept in check for the positive outcome above. I'd like to see some FA though to see what is being predicted for 2024 for CTD.
News: CTD Corporate Travel Management Says 2H Underlying EBITDA Will More Than Double 1H23's Result, page-4
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Last
$11.87 |
Change
-0.090(0.75%) |
Mkt cap ! $1.736B | |||
| Open | High | Low | Value | Volume |
| $11.97 | $12.08 | $11.79 | $7.913M | 663.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3309 | $11.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.94 | 1875 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| CTD (ASX) Chart |