Recently, 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 :)
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 :)
Catatan
I have bought it at slightly higher than my target price at 15.03 as I was waiting for confirmation that the support was still there. As of today I am up a little over 3% however if i bought it yesterday I would've been up almost 9% but that's okay :)
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.