Completes ABCD bearish setup plus Channel topCompletes ABCD bearish setup plus Channel top. Distance from 200dma similar to 2014 top
FLT trade ideas
$FLT forming a cup & handle patternThe strong volume today may indicate a potential breakout of the handle's pivot at $47.88 in the coming days. On high watch.
Australia's Most-Shorted Stock Has Habit of Burning BearsThere’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 better-than-estimated earnings triggering stock surges.
