IMO QAN, WEB and FLT are toast for any investors who purchased at a premium in the last 6 months.
QAN and FLT charts in particularly look shaky at best with a double top now confirmed for both. WEB probably won't escape the punishment either.
With overseas borders now confirmed closed till end of 2022 the question for analysts is whether the WEB and FLT balance sheets can survive until the borders re-open. And even if they do, what kind of state will they be in when things re-open - the only way to keep the wheels turning is a debt raise (good luck with the repayments as interest rates rise on a heavy debt burden), or an equity raise which will simply burn through shareholder value.
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