FSL cup & handle ..long over round number 50
FSL – industrial goods
the major trend is up, a moving average 20 accompanies its movement
50 is a resistance level - a number of touches can be seen at this level on a monthly &weekly chart as well as on a daily chart.
the trading volume is currently not high, so the idea is to let the stock correct a little and follow the development of significant
volume before breaking out 50 level for a long play.
In sum, It'll be interesting over the round number after 50 will become a support.
Follow up…
this is not a recommendation to buy or sell.
as always, you are welcome to enlighten me… goodluck!
the major trend is up, a moving average 20 accompanies its movement
50 is a resistance level - a number of touches can be seen at this level on a monthly &weekly chart as well as on a daily chart.
the trading volume is currently not high, so the idea is to let the stock correct a little and follow the development of significant
volume before breaking out 50 level for a long play.
In sum, It'll be interesting over the round number after 50 will become a support.
Follow up…
this is not a recommendation to buy or sell.
as always, you are welcome to enlighten me… goodluck!
,The quieter you become
the more you can hear
(Ram Dass)
the more you can hear
(Ram Dass)
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