Going long FMC on Wednesday
FMC is printing a bullish candle over candle price bar, near its 50 DMA, with my momentum/trending oscillators confirming the price move. I am going long FMC on Wednesday using a limit order (GTC-BUY-LMT) @ 94.42. I will have two trailing sell stops (GTC-SELL-STP) @ 89.99 and 87.61 to protect my initial invested capital in case FMC does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from Nov. '16 - Oct. 17.
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