FFIE EV Penny Stock LONG
Updated
FFIE is an EV pneey stock below $ 1.00 and so has delisting risk.
The 30 minute chart shows the rationale for the long trade with 300% upside.
The risk here is of a delisting which would send FFIE into the OTC market
where it could explode. This penny stock trades millions of shares per day
and trading volume has heavily increased as the price goes lower.
Given the volatility a stop loss of 20 % at $.20 is needed or even the
swing low at $.15. However, the upside technically is the 300% to get
to the YTD swing high. I believe that it could go even higher if a delisting
occurs. A reverse stock split would be a further catalyst for FFIE.
AS a basic high risk high reward scenario, I will take along position
and what will be will be.
The 30 minute chart shows the rationale for the long trade with 300% upside.
The risk here is of a delisting which would send FFIE into the OTC market
where it could explode. This penny stock trades millions of shares per day
and trading volume has heavily increased as the price goes lower.
Given the volatility a stop loss of 20 % at $.20 is needed or even the
swing low at $.15. However, the upside technically is the 300% to get
to the YTD swing high. I believe that it could go even higher if a delisting
occurs. A reverse stock split would be a further catalyst for FFIE.
AS a basic high risk high reward scenario, I will take along position
and what will be will be.
Trade active
FFIE quietly moving up. Trade open and accumulates unrealized profit.Disclaimer
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