FLT correction happening. Strong buy point @11.73
- The stock has been severely knocked down ove the last few weeks due to COVID-19 crisis and can possibly still go lower - It is however trying to form a base and may be a great entry to scale in on one a long position - SL can be placed below the recent swing and brought to breakeven as soon as possible due to the nature of the trade -- MANAGE YOUR RISK -...
Looks like the post capital raise bounce is done and dusted. Couldn't believe the bounce to $14 after a cap raise of $7.20 … was immediately on the short radar. Media sentiment is positive about a recovery but recent price action suggests otherwise. Stop above last swing high...
S1 looking for either break up ("dead cat bounce") or break down at this level, if the XJO rallies and has a Rejection at 5980 FLT is a short and will be in trouble. Or if we break S1 i'll be playing short till S2 as FLT has all the Fundamentals against it at this point of time.
Everyone books online. Even more so going forward as all the boomers will now learn what the internet is as they are confined to living indoors. Unsure how this company even still existed before Corona to be honest.
watching for potential buyers within zone to maybe build , understand profit taking is under way currently here, l'm looking for price structure not just price action , price could slice straight through because of its momentum strength so lets see more data down here from more clues on what price is telling us. Added to watchlist.
Volume has been low in last week but the price has now moved back to the old resistance on the weekly.
REGULAR INVESTMENTS INTO FLIGHT CENTRE EACH WEEK - SIMPLE ABCD PATTERN - 61.8% RETRACEMENT - HIGHER HIGHS AND HIGHER LOWS $82 LONG TERM TARGET
**needs confirmation of BO** bad news came out www.abc.net.au
Completes ABCD bearish setup plus Channel top. Distance from 200dma similar to 2014 top
FLT in significant resistance zone. Short spike to 66
Being used for walk forward testing only.
The strong volume today may indicate a potential breakout of the handle's pivot at $47.88 in the coming days. On high watch.
There’s probably not a lot of people cheering the fact Flight Centre Travel Group Ltd. is Australia’s best-performing equity today. Getting burnt by the travel retailer is almost a rite of passage for long-short funds Down Under. The market’s most-shorted stock, Flight Centre has a habit of burning bears, with an improved profit outlook in July and this week’s...