FMSA - Big Cup and Handle - Descending Triangle H&S
Updated
NYSE:FMSA Weekly chart shows a big trend change Cup and Handle formation dating since may - possibility to test previous old highs marked up in purple
Daily & 15 min chart starts to show Head and shoulders formation at Descending Triangle - Bounce off the 50% Fib level at previous strong resistance / support line.
Potential buy when bounces off that level -
Am i a dreamer?
Daily & 15 min chart starts to show Head and shoulders formation at Descending Triangle - Bounce off the 50% Fib level at previous strong resistance / support line.
Potential buy when bounces off that level -
Am i a dreamer?
Trade active
Nice double bottom formation after H&S breakdown - If this proves to be valid, long on the neck line for the breakout
Trade active
Bulls are on the ragePotential reversal here - Piercing candlestick with nice relative volume
Note
Trade active
Beautiful breakout as planned...Got in shortly before the neckline cross - careless of me but it workout well this time -
Nice volume on the breakout - RSI is on spot , waiting for the cloud to slice to add to position
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