tradersams blog

Flight Centre Open

FLT:  Opened a position in Flight Centre today at $16.10.

Flight centre has been in a fairly slow but steady uptend for a while now, and on the more general increase since stocks turned around some time ago.

Due to the closeness to the trendline I am able to set a fairly tight stop, which suits me just fine at the moment, given the bearish tendencies of the market for the last few days (until today anyway).

Looks like I’m still going long again.