The ALGO engine triggered a sell signal for Flight Centre (FLT) yesterday at $30.95.
After posting a high of $31.20 on February 15th, FLT fell to $28.00 over the following two weeks. We see the possibility of a similar price pattern emerging.
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The ALGO engine has done a good job of picking the ranges on FLT.
As such, we will wait until the short-term momentum indicators confirm the direction before taking action on the trade.
Flight Centre
