Up cycle now, page-45

Share count was also doubled in March last year when they raised so not entirely accurate. Personally I think this will retrace to $15.50 before it moves back over $20. If you look at the previous spike on a 6 month chart with 4 hour candles, the spike pattern looks exactly the same and it then pulled back to mid $14s. Hence why I think that it won't drop that far on the next pullback but will retrace to a higher support level. Now sitting in overbought territory with a momentum reading of 87 so upside is most likely limited from here short term. Business is still quality long term but short term I believe overvalued based on where it was pre COVID pre dilution. COVID cases are also spiking in their target markets (South East Asia, Eastern Europe, South America, South Africa) as confirmed by WHO. Vaccines may or may not be the silver bullet for COVID but we'll see. You don't need Flight Centre to book at ticket to any of the discounted areas highlighted this morning. That's Webjet territory and hence why the chief Graham Turner said the new package won't do much for them. Will be buying on retrace.