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 F
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 di
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
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Displays a symbol's price movements over previous years to identify recurring trends.