Flight Centre Travel Group Limited is a travel retailer and corporate travel manager. It has its own leisure and corporate travel business in approximately 23 countries, including New Zealand, the Americas, Europe, the United Kingdom, South Africa, the United Arab Emirates, and Asia. The stock is listed on the Australia Stock Exchange. The price chart formed a...
A friend owns FLT . He was looking for some information as to whether he should hold (without disclosing his entry price), so here's my explanation. Note : It makes it a lot easier to 'tell someone whether they should hold or sell' if I know the entry price. Why? Because trading profitably is about consistently cutting your losses quickly, and holding on to (or...
Created bear flag on weekly, 5th touch done may consolidate here little bit and break trend. If trend will break we may see it under $10 again.
The Omnicron variant has provided an investment opportunity in the travel sector. Prior to the emergence of Omnicron, Travel destinations were beginning to plan pathways for reopening. This gave confidence to the market that the future values of travel related stocks would be higher and as a result travel stocks recovered from pandemic market shock lows. Since...
FLT is one of most populer Stock to trading, now we look at the chart the trend is bullish, how to catch the bottom? now i look you can have a plan buy on weakness at 17.65 area bottoming, if reverse, that will going up to close the gap at 35.50. Are you have a same idea? , Comment in below, The Story still good for FLT because Australia will be reopen flight for...
Currently trading in a descending channel, a healthy retracement following FLT's pump for a few weeks. Could we see a break back to the upside after consolidating to the key level of support (yellow box)? Ultimately long on FLT from a TA and Fundamental perspective. Please let me know what you guys think, perhaps you have something else in mind? Any feedback is...
Text me if you have any questions/comments for me. ----- FLT - Previous written analysis was done on 26 Aug (red arrow) -> suggested waiting for a retracement and successful rebound - Since then, the stock went up almost 50% and have retraced back to the $20 psychological support (orange line) - A successful rebound from here would prove that there is continued...
Despite the bad news of company's earning, I can see a refill on the golden pocket giving more fuel for further upside, worst-case scenario a revisit on TP 161.
Was just having a bit of a look through some Australian stocks on the ASX and notified that both Flight Centre and Webjet ( ASX:WEB ) were looking bullish on the charts. Makes sense when you think that a lot of the travel restrictions we are under could soon be lifted. Pricing looks a bit expensive at the moment. Until you zoom out ;) Might be a bargain. What...
This is not financial advice. just my technical opinion.
Resistance 16.25 Support 15.20 Short term bullish
FLT channel, rising price/volume LONG SL 13.8 TP 20.5 (mid august)
For those who care. Here are the key resistance that FLT will be facing. I am long on this. My first target is $25
Recently, Flight Centre has reached a post-pandemic high of $20.16 but is coming down now. Flight Centre, however, has been bouncing between support at around $14 and resistance around $18.50 and because of this, I believe an entry point at around $14.00 to $14.50 is suitable. Personally, I will set my stop-loss at $13 as a safety net and sell in the $16.50 to...
I expect the Airline industry to recover. FLT has solid balance sheet and that makes this a good buy and hold opportunity.
Buy it discounted, the fundamentals remain intact
Flight centre has been beat down since Covid-19 and as of today is 3rd most shorted stock on the ASX. This acts as some unflattering news for traders however could there be a potential upward movement? From my charting line i was alert today that FLT has seemed to touch and rebound on its support level after its 5% drop due to bad returns which personally...