Flight Centre (FLT.AX)
WHITE SPINNING TOP
Trading: HOLD @ $43.06
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.
Flight Centre (ASX:FLT) has formed a White Spinning Top candlestick. This means, FLT has opened and closed within a small range with a upper and lower shadow that is longer than the body of the candle. This has similar traits to that of a doji candle highlighting the supply and demand indecision Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
This candlestick has a tiny white body with upper and lower shadows that have a greater length than the body. It is accepted as a type of Doji and will act as a Doji when it appears.
Calculation: White Spinning Top Candlestick:
1) The body of the candlestick is white and very small;
2) The upper and lower shadows are longer than the body;
PROFILE: Flight Centre (FLT.AX)
Stock Exchange: ASX
Company: Flight Centre
Ticker Codes: | FLT.AX | ASX:FLT |
Flight Centre Travel Group Limited provides travel retailing services primarily under the Flight Centre brand in leisure, corporate, and wholesale travel sectors worldwide. The company's other travel brands include Escape Travel, Student Flights, Travel Associates, Cruiseabout, Liberty Travel, Infinity Holidays, GOGO Vacations, FCm Travel Solutions, Corporate Traveller, Stage and Screen, cievents, and Campus Travel. It offers leisure travel services to cater the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services to service the needs of organizations of various sizes across industries. The company also supplies product to its national and international network or travel retail outlets. In addition, it offers other travel related services, such as foreign currency exchange and travel academies; recruitment marketing and bike retailing; and employee benefit businesses. The company was formerly known as Flight Centre Limited and changed its name to Flight Centre Travel Group Limited in November 2013. Flight Centre Travel Group Limited was incorporated in 1987 and is based in South Brisbane, Australia.
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