FLT looks so bloody exciting. On the weekly chart below - Few points
1) Fib Extensions point to 24-26 levels -
2) prior move was from $14-$20 - Difference $6 -
3) Add that to $20 you get $26 as target
4) If you do a Fib retracement from last high pre COVID you will see 50% retracement around the $25ish mark.
5) Golden Cross on the weekly - The 50 Day SMA crossed the 200 Day SMA
All we need is the shorts to cover, this is set up well.Novice Traders -- think Again!!!
The news is Awesome
1) International border re-opening plans
2) Merk Develops COVID Pill - complete game changer
3) At some point shorts will cover. They no longer can ignore this news.
4) US & Europe up on good volume. Check the indexes below
All hype? We will find out soon!!! The trend is your friend bud!!!
Up cycle now, page-287
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 (20min delay)
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Last
$18.85 |
Change
-0.260(1.36%) |
Mkt cap ! $4.165B | |||
| Open | High | Low | Value | Volume |
| $19.20 | $19.28 | $18.81 | $33.00M | 1.746M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 27406 | $18.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.89 | 4653 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$18.95 |
Change
-0.260 ( 0.87 %) |
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| Open | High | Low | Volume | ||
| $19.24 | $19.26 | $18.82 | 69486 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| FLT (ASX) Chart |