Afternoon trading September 27, page-9

FLT

Detected a "Double Moving Average Crossover" chart pattern formed on Flight Centre Travel Group Ltd (FLT:ASX). In the double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.