Webjet

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Open/close reversal: Sellers have lost commitment during the trading day for WEB

[BEARISH WEAK]: Webjet opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 38.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

Webjet: 0.618 Fibonacci Fan ($40.72)

Webjet: The current Fibonacci Fan levels are: (23.61%) $38.48: (38.2%) $39.33: (50%) $40.03: (61.8%) $40.72The current support levels are: (78.6%) $41.7: (100%) $42.98: (138.2%) $45.23: (161.8%) $46.63: (261.8%) $52.53: (423.61%) $62.07

Webjet: Woodie Pivot ($15.028)

Webjet has broken the first Woodie support point ($14.718) [Bearish]. Look for a short limit order entry near this point. Exit price for WEB should be set @$14.718 & short position stoploss for Webjet should be set at $15.338

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