CVO cover-more group limited

TP=$1.75? CVO is in middle of a down cycle

  1. HSP
    5,051 Posts.
    lightbulb Created with Sketch. 82
    Daily chart,
    sideway during May-Jul
    breakdown on 18/8/15 but supported at MA200
    breakout on 25/8/15 but failed
    breakdown again around 1/9/15 but supported at MA200 again
    Since 13/10/15, 20 red candles, only 2 green candles
    Finally, penetrated MA200 on 10/11/15
    should sell now if follow the chart
    Triple heads formed & confirmed

    today, traded volume was huge, 7 times heavier
    Commonwealth Bank sold lots recently. May continue selling today.
    regarding Agm.
    Outbound travel in Australia in FY15 grew by only 1.8%, which is the slowest growth in the past decade--->bad
    Since 2008, the business has grown revenue and EBITDA by an average of 10.3% and 22.4%
    however, the loss of a key contract in our employee assistance business --------->bad
    Q1 FY16 gross travel insurance sales across the group recorded growth of 10.2%---->average
    Within this Australia, our largest market growth rate of 8.5%,----------->less than the average/organic grow is bad
    (added shorts)
 
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