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...
ASX:FLT chart looks bullish at the moment with more inclination to the upside than the downside. This is mainly due to the formation of a Cup and Handle chart type that played out when the stock broke above 18$. Also the stock weekly PSAR flipped to the bulls camp. To me it is not a bad idea to open a small position and keep your SL right below 18$. I will keep...
My trading Bias for FLT is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. TP1 ~ $17.30 TP1 ~ $19.08 Stoploss - $13.00 Please note these are my own notes, by no means trading advice....
Flightcentre australia. Depends on Government policy going forward.
FLT seems to be retracing nicely to the trendline Support at around $12.80, as it has shown strength previously also, and made a Higher High. We can also see that it has made a Golden Cross, with RSI about to reach the the Oversold region. The High Profile Volume Zone lies at around $13.80 and 200 SMA in the Buy Zone between $12.80 - $13.80 (many Confluences). I...
Flight Centre has been on watch the past week due to States slowly opening borders. How i see it on the chart is anything below the trend line is bearish, but a close above is bullish. A close above $15.35 signifies a short term bullish move aswell. Neutral on Flight Centre at the moment, but anything can change, looking for a close above $15.35 for an entry.
As the vaccines roll out and the world over comes the pandemic, travel will be popular among many that have been unable to for the past year. While still heavily oversold (75% below the all time high in 2018) flight centre remains in a good position to bounce back. Currently in a rising wedge, price is situated on support and is likely to take off. AWA's...
With all the news of Corona "cures" (aka vaccines) and the holiday season coming up as well as people probably just sick of being stuck at home all year, it looks like some of the Airline and complimentary travel stocks are finally starting to make a comeback. A long way down from old levels there is plenty of upside if people start holidaying and travelling again...
FLT had been hit hard in the pandemic, and now the price action proves that FLT has found a bottom and expected to head North. 1. It has also printed a higher high and a Golden Cross is in development. 2. Current price action suggests it is finding resistance between its recent high of $19.12 and $17.50 , and may give a retracement. 3. I would be a confident...
I am bullish on FLT, chart looks positive as about to make golden cross. There is good support at $16.25 range, so don't think so that it's going to come down further. Take profit at $19.10 range. If it doesn't get support at $16.25 range then next support is at $13.50 zone. I am pretty hopeful that FLT will continue moving upwards.
As predicted from my last post, FLT took a big dive all the way down to $11.26 last week. If you bought FLT at $11.26 last week you would be up 27%. It has passed previous resistance however last time it reached the resistance line, it bounced up and plummeted down to $11.26. Due to increasing COVID cases in America and Biden's plan to tackle COVID-19 it may begin...
Lines cross and blue line hit red line and go down
Not a Trading signal... Company drastically restructuring in response to Covid 19 crisis. Household name. Great reputation. Years of experience.
- Bullish break on volume - Recovery trade ASX:FLT
Here is an example of a 'paper trade' that went wrong - and trying to roll the strike down; to recover loss and lose only brokerage. initial entry - June 22 Bull put spread with Sold 12.19 July 15 / buy 11.76 - for net credit $700 at around underlying of 13.00 Roll down position of options to avoid being exercised at expiry ( as European sold leg) second entry...
closing to 26 years show or even lower than 2008's lowest point. ASX:FLT
I am going to hold this investment for at least 5 years, or last target above $70. Thanks for watching