FLT share price has failed the recovery break out multiple times now since the massive fall, so likely some conservative selling going on as it exploded higher on the news.
I am expecting that this will be the successful attempt and expect to see some reality priced back into this business.
Looking at the chart it really is a traders worst nightmare - on multiple time frames. You've got a big down trend for the long term guys, failed support at 32 for the medium term/reversal players and as mentioned previously - a bunch of failed BO attempts for the short term guys.
For my own disclosure: I have been adding investment parcels at ~$32 since December and also took a trading position today.
Ann: FLT FY15 FULL YEAR RESULTS PRESENTATION, page-7
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Last
$17.50 |
Change
0.370(2.16%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.13 | $17.59 | $17.12 | $13.98M | 804.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 507 | $17.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 1126 | 15 |
View Market Depth
| Last trade - 14.39pm 28/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
