Does FFIE have another bullish move left? LONG
Updated
FFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range
where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical
0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the
stock at this relative discount. I think that they will. As a result, FFIE could retrace the trend
down by 50% and end up targeting 2.30. The sequence of candles for the reversal setup are
noted in the text box on the 30-minute chart. This is a potential 100% trade. The stop loss is
the recent pivot low at 0.75. The Reward to Risk is about 4. The stop loss of about 28% will be
moved to break even if the price gets over 1.35 making the trade risk-free thereafter.
FFIE needed to rest but could easily resume with another leg of bullish momentum.
where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical
0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the
stock at this relative discount. I think that they will. As a result, FFIE could retrace the trend
down by 50% and end up targeting 2.30. The sequence of candles for the reversal setup are
noted in the text box on the 30-minute chart. This is a potential 100% trade. The stop loss is
the recent pivot low at 0.75. The Reward to Risk is about 4. The stop loss of about 28% will be
moved to break even if the price gets over 1.35 making the trade risk-free thereafter.
FFIE needed to rest but could easily resume with another leg of bullish momentum.
Note
Zooom in view Trade active
20% Partial taken at the tap of 2.20; another pullback; Volatile as expected. Will add half of the 20% partial back when a reversal up is seenTrade active
Another 20% partial taken at a small loss to trim the position as the trade is moving against the idea.Trade active
Price has fallen into oversold. Adding 20% back into the trade. looking for anotherresumption of bullish momentum.
Note
FFIE stable on a bad market day bodes well for more momentum.Note
Now targeting 1.42 based on a high-volume node on the profile.Trade active
FFIE on the low time frame is printing a flat bottom triangle pattern with falt support but a falling resistance trend line. Price compressing with overall negative volatility and bearish bias. I will average out in pieces in the next day and then look for recovery and a bounce. Trade closed: stop reached
FFIE was in a TTM squeeze until earnings on the squeeze release bearish momentum unleashed from that report. Trade is finished. Will look for a bullish reversal from the watchlist. Trade active
FFIE with a surprise bounced off the lows. Redeployed the full position.Trade active
Note
Tarteting 0.64 then 1.10 with earnings report upcoming Trade active
Volatility continues. Blessed be the patient for rewards will come to them.Trade active
After a good move up by NKLA and continuation for a good stretch. I take taking a long position again looking for s sympathy move higher.Trade active
Nice upward momentum may be continued this week
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