Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Webjet (ASX:WEB) : The current Fibonacci Retraction levels are:
The current support levels are:
A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.
Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
PROFILE: Webjet (WEB.AX)
Stock Exchange: ASX
Ticker Codes: | WEB.AX | ASX:WEB |
Webjet Limited provides online travel booking services in Australia, New Zealand, and internationally. It operates through Business to Consumer Travel and Business to Business Travel segments. The company enables its customers to compare, combine, and book travel flights, hotel accommodation, holiday package deals, car hire, travel insurance, motorhomes, and cruises, as well as offers digital marketing consultancy services. Its brands include Webjet, Online Republic, Lots of Hotels, Sunhotels, and FIT Ruums. The company serves consumers, travel agents, online travel agencies, wholesalers, and tour operators. Webjet Limited is based in Melbourne, Australia.
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