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 :)
Ghi chú
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 :)
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.