Long
FCAU - Channel 8ma Bounce with 20ma Break for Profit Potential
FCAU - January 5, 2019 - Trade Setup
Friday's gap break over the 8ma and a close
just under the 20ma at 15.09 sets up a
potential move to the 50ma at 15.81 and
a convergence of the 100ma at 16.40 and
upper trendline resistance with a break
over the 20ma on Monday. Entries should
look for confirmation of a green candle 20ma
break above 15.19 and a macd cross buy signal.
Friday's gap break over the 8ma and a close
just under the 20ma at 15.09 sets up a
potential move to the 50ma at 15.81 and
a convergence of the 100ma at 16.40 and
upper trendline resistance with a break
over the 20ma on Monday. Entries should
look for confirmation of a green candle 20ma
break above 15.19 and a macd cross buy signal.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.