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FLT

FLT:ASX The current situationA 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 even doubling down during a pull back buy opportunity) your winners. If you do just that right, you can win with a very low ratio (E.g. Picking only 40% calls, correctly etc.) The case for: FLT's price is currently above it's 55 EMA (my favourite EMA to use - see orange line), and we're talking MONTHLY EMA. It's also just breaking out, and holding (so far) above the downwards trend line. Furthermore, during this blood bath going on (for many many stocks, ASX or not), it's holding above it's upward diagonal trend line. If you look at the 55 Monthly EMA, and both trend lines mentioned above, you'll notice that as long as the price holds above ~$17.60 approximately, it's still a HOLD (if in already). Would I be actively buying here? Depends. If there's nothing else to buy, maybe take a small pilot position here, however given the VIX is peaking and the entire market is a bit crazy, it's hard to tell. Fibonacci levels* = DEF do not hold under $16.00. High risk of strong support there that, if breached? GNITE Some questions (and risks) to fundamentally consider: Could there be further international lockdowns? This would be bad (unless FLT focuses on local and domestic travel, which may be allowed) Petrol prices' effects on flights and operating costs? If Ukraine/ Russia war continues, as well as other issues, and petrol keeps going up = this could be bad Recession risk? If people are losing jobs (Carvana for example, even though the car market is ridiculous = can't get stock. So what do they do? Lay off people and buy online auction platform.**) they're less likely to take holidays for obvious reasons. *Fibonacci levels drawn, using 'all time high' price and 'all time low' price (this is how I draw my fibonacci levels - they stay objective this way, and are applicable whether you're looking at a normal chart or log chart - so that's good!) **This is why I refused to sell EVAuctions and other car domain names I own btw (for anyone who knows me and is reading this LOL). I saw this coming. Thanks for reading! [ Tendie.com coming soon ]
ASX:FLT
by wedembois
Flight Centre Bullish Trend ?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 international on end of november or December, so follow this story and take your Profit!! Disclaimer On
ASX:FLTShort
by Kelvin03A
FLT Showing Strength After Last Drop (Bullish)With multiple patents and permits being acquired recently by FLT there's clearly strong growth from a business standpoint. From a chart / technical standpoint, we seem to be bottoming out from the last drop. We've set a higher low, a positive sign for a bullish case, now the only question is whether a higher high will be printed. On a lower time frame, a break of the local high ($1.38 - $1.41) would also confirm a strong bull case. With the Covid delta variant causing fear, there is a general uncertainty in the market. To be absolutely certain I would wait for a break of the monthly high ($1.77), which would definitively confirm a bull case on a higher time frame. This is an exciting space with a strong and practical outlook for the future.
TSXV:FLTLong
by sachu_blessyou
Flightcentre (FLT) Entry Point @ $14.00 - $14.50Recently, 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 $17 range potentially giving the trade a 20% upside. You could ride it out to around ~$18, however, since travel is still a risky bet I would like to secure profits earlier. Please do your own research before buying. Thanks :)
ASX:FLT
by Succulentgarlicbread
10
ASX:FLT on the brink of a major break out🔥🔥ASX:FLT chart looks bullish at the moment with more inclination to the upside than the downside. This is mainly due to the formation of a Cup and Handle chart type that played out when the stock broke above 18$. 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 you updated if any major change happens to this stock. Have a nice weekend. XTF
ASX:FLTLong
by xtf_ze_trader
2
FLT - Retracing Nicely towards Support.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 think the Green Box should provide good support, and I expect a bounce off from that Zone. If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 40% at TP. Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:FLTLong
by AsimMirzaTrader
FLT PredictionAs 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 a downtrend. However, Australia itself has recovered and hopefully positive news for the Australian economy will come out soon. It the meantime, except FLT to begin a downtrend.
ASX:FLT
by Succulentgarlicbread
BUY! SOLID FUNDAMENTALS - WKLY CHART LOOKS BULLISHWeekly Chart Looks BULLISH NEW 52-WEEK HIGH AROUND THE CORNER! Position: 5000 SHARES PRICE: $217.71 ABOUT THE COMPANY FLEETCOR Technologies, Inc provides fuel cards and workforce payment products and services. Their customers include businesses, commercial fleets, oil companies, petroleum marketers and government in America, Netherlands, Belgium, Germany, Slovakia and various countries. This is a HUGE Business and their revenue and earnings show just how big it is! Last 5 QTR's in Earnings = $11.66 Q2 reported on 08/02/2018 Company saw adjusted net income improve by 27% year over year and adjusted net income per diluted share increase by 29% beating consensus estimates For the Full Year 2018, FleetCor expects revenue between $2.47 BILLION and $$2.52 BILLION, higher than consensus estimates with diluted share earnings of $10.32 and $10.52, in line with consensus
FLong
by UnknownUnicorn3159981
FLT - Rising wedge & pennant breakdown short - Target $125FLT broke down from a rising wedge, consolidated in pennant formation and now seems breaking down from the pennant. It is showing strong downward momentum as it crossed down all the moving average & down volume increased huge. Overall it looks a decent short with good risk-reward ratio. Trade Criteria Entry Target Criteria- Break of $140.71 or rally to 146 Exit Target Criteria- $125.13 Stop Loss Criteria- $150.73 Option: $155 May-17 puts You can check detailed analysis on FLT in the trading room/ Executive summary link here- www.youtube.com Time Span- 5:35" Trade Status: Pending
FShort
by AcornWealthCorp