Call it a hunch, because that's all it is, but I've got a feeling Oriens Travel and Hotel Management Corp. (OTCMKTS:OTHM) is on the verge of a trade-worthy move. The hotel and property management company was completely unknown just a few weeks ago, but of the growing buzz surrounding OTHM is any indication (and it usually is), then a big move is just around the corner.
For most intents and purposes, Oriens Travel and Hotel Management didn't exist as a company before February of this year. For whatever reason, that's when the company started to get serious (again) about being in business. It unveiled an online-booking system in March that catered to PayPal and Google Pay users, and a few months later that system was chosen to be the central booking system for a new $20 million hotel build. Last month the company announced it had put an investor-relations plan into place - proof that it realized publicity is just as important for a stock's success as corporate performance is - and just today the company announced it was being named as the ticket manager of a major overseas sports stadium. It's a quantity and quality of activity that simply didn't exist a year ago, and over the course of the activity buildup, OTHM has begun to trade on substantial volume.
Now, those who've been following the Oriens Travel and Hotel Management Corp. story will know that for as much good news as the company has been behind of late, the stock has suspiciously not moved higher. Be patient - that may be about to change.
Take a closer look at the chart of OTHM below. Yes, with just a quick glance it looks like little more than a volatile mess. The longer you study the chart of Oriens Travel and Hotel Management, however, the more you'll start to notice things like the fact that we've seen a series of higher lows since July, and that several 'up' days have unfurled on higher volume while we've seen no high-volume 'down' days. The attack the stock has mounted against all of its key moving averages (to the extent it matters for a young small stock like this one anyway) also suggests a brewing bullishness that we haven't seen in a while.
The key and clincher to an explosive rally from Oriens Travel and Hotel Management Corp. is one more close above the 200-day moving average line, which could materialize this week... maybe even today. That may catapult the stock for several days, and dole out a quick but sizable bullish reward.
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