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WEB Travel Group limitedWEB Travel Group limitedWEB Travel Group limited

WEB Travel Group limited

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Bearish potential detected for WEBEntry conditions: (i) lower share price for ASX:WEB along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $4.54 (open of 26th June). Stop loss for the trade would be: (i) above the declining 50 day moving average (currently $4.70), or (ii) above the low of the candle on 24th July prior to the gap-down prior to the close below the 200 day moving average (i.e. just above $4.78), or (iii) above the recent swing high on 23rd July (i.e.: above $4.93), depending on risk tolerance.
ASX:WEBShort
by Ivory_Wolf
Web Travel Group Limited Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Web Travel Group Limited Stock Quote - Double Formation * (Diagonal) | Completed Survey & Entry Bias * 012345 Wave Feature | Subdivision 1 - Triple Formation * (Target Entry Or Gap Fill) | Channel Entry | Subdivision 2 * (TP1) | (Downtrend Argument) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 104.00 AUD * Entry At 93.00 AUD * Take Profit At 76.00 AUD * (Downtrend Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:WEBAUShort
by UnknownUnicorn87383881
180x Price To Earnings for a 5% profit margin?Webjet is trading at 180x Price to Earnings ratio, whilst having roughly a 5% profit margin. The company is has only just returned to profitability post covid, and the stock price is ridiculously valued. Webjet caters to the shrinking demographic of those not booking their flights / accomodation direct with the providers. Their biggest competitor is google, that provides a price aggregation service for flights now. Not to mention the cost of being long leveraged is rising with interest rates... Short selling webjet really is a no brainer fundamentally.
ASX:WEBShort
by tomstewy
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 % and the Gap Window Zone. The ideal level zone is between $4.30 - $4.70. That will be a trade with confluence. 6. Good Buying Opportunity if it closes positive or prints Bullish candlestick patterns in the Buy Zone area with bullish price action follow through with a potential gain of 120%. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:WEBLong
by AsimMirzaTrader
Post Covid recovery thesis (ASX)Travel and hospitality have been hit really hard during covid, and while the situation appears to be stablized in Australia and New Zealand, i believe the risk/reward ratio of some of the travel related stocks are on point get recover reasonably. The two in my spectrum are New Zealand Airline and Webjet. New Zealand Airland - I dont think they will go bankrupt in any circumstances...given its kidda national airline for the kiwi. Webjet - a web based travel agency in Australia, very little opex, managed to tighten their expense even further during the lock down period. For both of these picks, moving average are on the uptrend >> 10ma>20ma>50ma>100ma, the risk reward ratio are both above 100%. I believe both of these are great long term pick for recovery, especially Web which burns much less cash versus AIZ.
ASX:WEBLong
by Squishybrain
1
WEB.ASX Webjet breaking out of $4.00Hello Fellow Trader! WEB.ASX sitting inside the channel awaiting any type of Covid related vaccine news for possible expansion. Key levels broken at $4.00 with volume support now testing resistance at $4.20. A breakout could suggest $5.00 target at a minimum within the trend channel. WEB.ASX bottomed out in April but failed to break the low soon after. With Australia’s aviation industry dormant and earning season completing, price was not able to break the lower suggesting we could have witnessed the bottom. Key Points: - Price holding below the 200 EMA - Price holding above the 50 EMA - Fibonacci 61.8% broken and heading towards 78.6% (June high – August low range) - Volume increasing supporting price appreciation Key Levels: Support - $4.00 Resistance – $4.20, $5.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $4.00 Supporting Entry – $4.21 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 3.74 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $4.00 – Target 1 $5.00 = 4x Reward to Risk Supporting Entry $4.21 – Target 1 $5.00 = 1.5x Reward to Risk
ASX:WEBLong
by tradetheday