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...
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...
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...
FLT channel, rising price/volume LONG SL 13.8 TP 20.5 (mid august)
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...
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...
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...