Flightcentre (FLT) Entry Point @ $14.00 - $14.50
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 :)
Comment:
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 :)