flowjust my hopes and dreams
general uptrend since covid crash
higher tops and bottoms
increasing revenue predictions
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About WEBJET LIMITED
Sector
Consumer Services
Industry
Other Consumer Services
CEO
John Guscic
Website
webjet.com.au
Headquarters
Melbourne
Founded
1998
ISIN
AU000000WEB7
Webjet Ltd. provides online travel booking services. It is an online travel agency, which enables customers to search and book the domestic and international travel flight deals, travel insurance, car hire, and hotel accommodation worldwide. The Company was founded by David Clarke, Allan Nahum, and John Lemish in 1998 and is headquartered in Melbourne, Australia.
WEB_Long on Retracement after breakoutWkly:
RS < 0; FFI > 0
MACD Bullish
Stoch D% > 70 + K% > 60
RSI > 50
Daily:
RS + FFI > 0
MACD Bullish
Stoch D% + K% > 80
RSI > 60
Good volume breakup on 25 Aug followed by low vol retracement; strong trend continuation w/ volume on 31 Aug 21
Entry: $ 5.64
SL: $5.30
TP1: $6.20
WEB.ASX_Range Breakout and Retracement Trade_LongENTRY: 5.58
SL: 5.30
TP: 6.22
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of range on 25 Aug 2021. Retraced with lower volume to resistance-turned-support.
- Buyers coming in on 31 Aug 2021.
WEB - 1W - SHORT TERM REVERSALStochastics still overbought on the weekly chart, Strong bearish engulfing candle shows downward pressure, possibly all the way to the 50DMA, WHICH CAN THEN PRESENT A NEW BUYING OPERTUNITY.
WEB.ASX_LongENTRY: 5.62
TP: 6.22
SL: 5.35
- ADX<25. Would be better if higher.
- RSI>60.
- RS and FFI +ve
- Broke out on 22 Feb 2021
- Retraced and tested resistance-turn-support at 5.33 on 26 Feb 2021 with lower volume
Stocks to watch for March (Buy) Webjet WEBThe chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $5.86
More on cup n handle pattern.
www.investopedia.com
Potential upside in the next couple of days if webject can get over the 200 EMA and the vaccine takes full effect I believe webject is about to go backupwards.
Short term reversal in play with WEB.Hourly chart shows alot of buying power around the $4.58- $4.60 range. Good entry with a tight stop loss. FLT has already reversed so waiting on WEB to do the same. Stop at $4.57 here.
The stock is also heavily correlated with the lockdown rules as well, so any news in regards to it will see it move
WEBJET - Recovery trade- Going to start building a long position in WebJet, listed on the Australian market.
- The recent pullback looks to have successfully held above the 4.50 level .
- This stock has been hammered by the covid crisis so looking for some relief here as things return to normality.
-- MANAGE YOUR RISK
WEB - Giving a Buying OpportunityBullish trend confirmation indications:
1. Made a Higher High
2. Made a Golden Cross
3. Impulsive price action with High Volume
4. After the impulsive break, price is correcting and consolidating.
5. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
