Australian dollar hasn't quite reach my target of 1.06 with possibility of a rate cut early next week but on the flip side flight centre has come out with a profit upgrade sooner than expected which lead me to believe that the $45 price target would be reached much sooner with the technical on charts indicating a overshoot with the bulls in full control and the sellers in retreat with fear of missing out on any future gains.the Australian and UK operations appear to be the backbone with the US operation starting to turn around Which could be the big surprise to further gains. Happy to buy more as the momentum is to the upside.
FLT Price at posting:
$39.85 Sentiment: Buy Disclosure: Held