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FLIGHT CENTRE TRAVEL GRPFF

FLIGHT CENTRE TRAVEL GRP

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Flight Centre Travel Group LimitedFlight Centre Travel Group Limited is a travel retailer and corporate travel manager. It has its own leisure and corporate travel business in approximately 23 countries, including New Zealand, the Americas, Europe, the United Kingdom, South Africa, the United Arab Emirates, and Asia. The stock is listed on the Australia Stock Exchange. The price chart formed a 3-month-long rectangle with the horizontal boundary acting as strong support around the A$16.30 level. A daily close below the A$16.10 level will confirm the breakdown from the 3-month-long rectangle with a possible chart pattern price target around the A$14.50 level.
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by Chonkalonka
1
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 ]
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by wedembois
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.
ALong
by AsimMirzaTrader
Buy The Travel Sector 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 the start of the Omnicron market scare travel stocks have decreased in value significantly. Currently, countries such as Vietnam, the Philippines and Thailand are beginning the pathways back to pre covid travel levels by slowly easing entry restrictions. Preliminary data shows Omnicron may be less severe and it will become the dominant variant. This gives us confidence that covid is mutating in a positive direction and the world will eventually open up as a result of the new variants low mortality rate. We believe the travel sector will recover at some point leading us to conclude that current market valuations are selling at a discount. Our plan is to front run the end of harsh pandemic travel restrictions and take a position in the travel sector. The time horizon for this trade is between 8 weeks and 6 months. We are expecting to close our position at a 10 to 30 percent gain. Play Number One Carnival Cruises, stock code CUK currently valued at 18 USD. At the high of pandemic recovery Optimism, CUK was valued at 27 dollars. That is a 66 percent increase in your investment back to the last recovery top. Note: ignore carnival stock CCL because it is selling at a premium which could narrow if the U S economy weakens further. Play Number Two Flight Centre FLT. You can get exposure to this company on the Australian Stock Exchange. Flight Centre recovered to a price of 25 Australian Dollars and now sits at 16 dollars. When optimism returns and creates momentum, FLT may experience a 66% gain back to the highest pandemic recovery point. We will post updates in the comment section as new information comes to light.
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by Pageinvestments
1
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
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by Kelvin03A
FLT @ 28 OCT 2021Text me if you have any questions/comments for me. ----- FLT - Previous written analysis was done on 26 Aug (red arrow) -> suggested waiting for a retracement and successful rebound - Since then, the stock went up almost 50% and have retraced back to the $20 psychological support (orange line) - A successful rebound from here would prove that there is continued optimism for the stock - A successful rebound look to be at 21.50 levels - If the $20 support level breaks, the next strong support will be at $18 levels (blue line) - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
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by Jerm88
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 ~$18, however, since travel is still a risky bet I would like to secure profits earlier. Please do your own research before buying. Thanks :)
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by Succulentgarlicbread
10
Flight Centre (ASX:FLT) Short term proposition Flight centre has been beat down since Covid-19 and as of today is 3rd most shorted stock on the ASX. This acts as some unflattering news for traders however could there be a potential upward movement? From my charting line i was alert today that FLT has seemed to touch and rebound on its support level after its 5% drop due to bad returns which personally indicates a bullish idea as despite negative news is unable to break this level. This had brought me to two possible conclusions. FLT will continue to be beat down by the shorts and maintain in sideways movement or FLT will rebound of the support level and reach its resistance level as shown in the diagram.
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by Mikey_Scali
ASX:FLT on the brink of a major break out🔥🔥ASX:FLT chart looks bullish at the moment with more inclination to the upside than the downside. This is mainly due to the formation of a Cup and Handle chart type that played out when the stock broke above 18$. 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
ALong
by xtf_ze_trader
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