$FRSH Breaking Out of Downtrend?

I like this chart except for a declining 50 day moving average (red) and it has yet to put in a higher low. The positives are a rising 40-week MA (white) price has moved over the shorter-term Mas. It looks to be breaking out over the downtrend line. I like how I can define my risk if I am wrong.

I have started a ¼ size position and I will look to add if / when it moves over the near horizontal trendline. I will place my stop on a close below the 40-week MA.

Note

This one's having a hard time with the market fading. If it cannot hold the morning low going into the close, I will likely sell out and put it back on the watchlist. TBD.

Note

I did not sell out on Nov 15 and still hold the same 1/4 size position. It now looks like is getting ready to break above a small flat base. If it can do that and hold today I will be looking to add. It looks to me that it is getting ready for a nice move higher. All TBD.

Note

is looking nice this morning. If it can hold these gains into the end of day I'll bring this up to a 1/2 sized position.

jaxdog

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

Also on:

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.

jaxdog

Also on: