imo, WEB is simply returning towards fair value.
I agree with what @DSD says above, though personally I avoid the webjet website as it's useless, both functionally/UI and for finding the best deals, I use a combo of skyscanner for hotels and kayak for flights, added benefit with Kayak is you can add a multiple-flight itinerary, which is nothing unusual for Aussies to be honest. My last trip was 24 flights and Kayak being the only sensible way to filter down to the best options. Previous trip I used a travel agent and they struggled - both because of the size of holiday (even though it was only 11 flights) and 'odd' destinations (ie: outside UK/US!) though when one hotel did a dodgy, yes the agent had my back organising a refund for the stay within hours.
Sorry for the long speel but telling it how it is both as a traveller and as an investor, WEB doesn't make a compelling case.
RSI and EMAs looking like WEB may bounce back, but other indicators suggesting $7 may provide the support needed if the long term uptrend is to remain intact.
WEB Price at posting:
$9.31 Sentiment: None Disclosure: Not Held
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