Web Travel Group Limited Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Web Travel Group Limited Stock Quote
- Double Formation
* (Diagonal) | Completed Survey & Entry Bias
* 012345 Wave Feature | Subdivision 1
- Triple Formation
* (Target Entry Or Gap Fill) | Channel Entry | Subdivision 2
* (TP1) | (Downtrend Argument) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Indexed To 100
- Position On A 1.5RR
* Stop Loss At 104.00 AUD
* Entry At 93.00 AUD
* Take Profit At 76.00 AUD
* (Downtrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
WEBAU trade ideas
180x Price To Earnings for a 5% profit margin?Webjet is trading at 180x Price to Earnings ratio, whilst having roughly a 5% profit margin. The company is has only just returned to profitability post covid, and the stock price is ridiculously valued.
Webjet caters to the shrinking demographic of those not booking their flights / accomodation direct with the providers. Their biggest competitor is google, that provides a price aggregation service for flights now.
Not to mention the cost of being long leveraged is rising with interest rates...
Short selling webjet really is a no brainer fundamentally.
WEB_Long on Retracement after breakoutWkly:
RS < 0; FFI > 0
MACD Bullish
Stoch D% > 70 + K% > 60
RSI > 50
Daily:
RS + FFI > 0
MACD Bullish
Stoch D% + K% > 80
RSI > 60
Good volume breakup on 25 Aug followed by low vol retracement; strong trend continuation w/ volume on 31 Aug 21
Entry: $ 5.64
SL: $5.30
TP1: $6.20
WEB.ASX_Range Breakout and Retracement Trade_LongENTRY: 5.58
SL: 5.30
TP: 6.22
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of range on 25 Aug 2021. Retraced with lower volume to resistance-turned-support.
- Buyers coming in on 31 Aug 2021.
Short term reversal in play with WEB.Hourly chart shows alot of buying power around the $4.58- $4.60 range. Good entry with a tight stop loss. FLT has already reversed so waiting on WEB to do the same. Stop at $4.57 here.
The stock is also heavily correlated with the lockdown rules as well, so any news in regards to it will see it move to associate with the positive/negative news.
WEBJET - Recovery trade- Going to start building a long position in WebJet, listed on the Australian market.
- The recent pullback looks to have successfully held above the 4.50 level .
- This stock has been hammered by the covid crisis so looking for some relief here as things return to normality.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
ASX:WEB
WEB - Giving a Buying OpportunityBullish trend confirmation indications:
1. Made a Higher High
2. Made a Golden Cross
3. Impulsive price action with High Volume
4. After the impulsive break, price is correcting and consolidating.
5. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and the Gap Window Zone. The ideal level zone is between $4.30 - $4.70. That will be a trade with confluence.
6. Good Buying Opportunity if it closes positive or prints Bullish candlestick patterns in the Buy Zone area
with bullish price action follow through with a potential gain of 120%.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Post Covid recovery thesis (ASX)Travel and hospitality have been hit really hard during covid, and while the situation appears to be stablized in Australia and New Zealand, i believe the risk/reward ratio of some of the travel related stocks are on point get recover reasonably. The two in my spectrum are New Zealand Airline and Webjet.
New Zealand Airland - I dont think they will go bankrupt in any circumstances...given its kidda national airline for the kiwi.
Webjet - a web based travel agency in Australia, very little opex, managed to tighten their expense even further during the lock down period.
For both of these picks, moving average are on the uptrend >> 10ma>20ma>50ma>100ma, the risk reward ratio are both above 100%. I believe both of these are great long term pick for recovery, especially Web which burns much less cash versus AIZ.
WEB.ASX Webjet breaking out of $4.00Hello Fellow Trader!
WEB.ASX sitting inside the channel awaiting any type of Covid related vaccine news for possible expansion.
Key levels broken at $4.00 with volume support now testing resistance at $4.20. A breakout could suggest $5.00 target at a minimum within the trend channel. WEB.ASX bottomed out in April but failed to break the low soon after. With Australia’s aviation industry dormant and earning season completing, price was not able to break the lower suggesting we could have witnessed the bottom.
Key Points:
- Price holding below the 200 EMA
- Price holding above the 50 EMA
- Fibonacci 61.8% broken and heading towards 78.6% (June high – August low range)
- Volume increasing supporting price appreciation
Key Levels:
Support - $4.00
Resistance – $4.20, $5.00
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – $4.00
Supporting Entry – $4.21
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 3.74 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry $4.00 – Target 1 $5.00 = 4x Reward to Risk
Supporting Entry $4.21 – Target 1 $5.00 = 1.5x Reward to Risk
WebJet could fall to 3.05 if it fails to get back above 3.48The warning signs were visible since its fall on the 11th of June, that's if you have access to the right analysis. Many people jump into the stock market with very little knowledge on how to read the price action(Supply and demand), which is vital in both short and longterm investment/Trading.
Web shares have breached two major support level at 3.75 and 3.48 and could continue down to 3.32, 3.20 and major level at 3.05 if prices fail to get back above 3.48