With multiple patents and permits being acquired recently by FLT there's clearly strong growth from a business standpoint. From a chart / technical standpoint, we seem to be bottoming out from the last drop. We've set a higher low, a positive sign for a bullish case, now the only question is whether a higher high will be printed. On a lower time frame, a break of...
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 $16.50 to...
ASX:FLT chart looks bullish at the moment with more inclination to the upside than the downside.
This is mainly due to the formation of a Cup and Handle chart type that played out when the stock broke above 18$. 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...
My trading Bias for FLT is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region.
TP1 ~ $17.30
TP1 ~ $19.08
Stoploss - $13.00
Please note these are my own notes, by no means trading advice....
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...
I am bullish on FLT, chart looks positive as about to make golden cross.
There is good support at $16.25 range, so don't think so that it's going to come down further.
Take profit at $19.10 range.
If it doesn't get support at $16.25 range then next support is at $13.50 zone.
I am pretty hopeful that FLT will continue moving upwards.
As predicted from my last post, FLT took a big dive all the way down to $11.26 last week. If you bought FLT at $11.26 last week you would be up 27%. It has passed previous resistance however last time it reached the resistance line, it bounced up and plummeted down to $11.26. Due to increasing COVID cases in America and Biden's plan to tackle COVID-19 it may begin...
buy1, buy2 robo signals in early June indicate we can buy this stock, but now we are late to the party. If the chart breaks the support (0.75cad), then we will have to wait till 0.63cad to buy. If the chart doesnt break support, then we can buy at 0.75cad. We will have to wait and see.
S1 looking for either break up ("dead cat bounce") or break down at this level, if the XJO rallies and has a Rejection at 5980 FLT is a short and will be in trouble. Or if we break S1 i'll be playing short till S2 as FLT has all the Fundamentals against it at this point of time.
Weekly Chart Looks BULLISH
NEW 52-WEEK HIGH AROUND THE CORNER!
Position: 5000 SHARES
ABOUT THE COMPANY
FLEETCOR Technologies, Inc provides fuel cards and workforce payment products and services.
Their customers include businesses, commercial fleets, oil companies, petroleum marketers and government in America, Netherlands, Belgium, Germany,...