Your TA completely ignores the current SOI as opposed to pre pandemic . The gap in your chart is not really a gap as the SOI has doubled since March 2020. That gap is practically filled already at the current SP.When you ignore SOI with your TA, you are effectively saying the SP is heading to $70 based on the pre pandemic SP which means all time highs! This misleads newbies to FOMO buy and lose as the SP gets readjusted to the fair value territory.
Let's not forget FLT is in a much worse situation now than it was in pre pandemic.Evidently, interest rates rises affecting debt, doubled SOI, free options issued to employees, inflationary environment with high oil prices, adoption of remote work and zoom calls, and rising comptetion is devestating for the business.
One should not assume FLT has magical monopolistic market powers that shields it from these challenging factors. As it stands the SP is actually in the overpriced territory. Be careful with the greed!
$30 FLT PARTY, page-279
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Last
$21.24 |
Change
-0.370(1.71%) |
Mkt cap ! $4.711B | |||
| Open | High | Low | Value | Volume |
| $21.50 | $21.58 | $21.22 | $13.58M | 638.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1468 | $21.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.25 | 15530 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FLT (ASX) Chart |