FSL gaps up for a second time
FSL gapped up for a second time on Friday and has now comfortably cleared the 2014 high.
As this stock has not been trading for long it is more difficult to gauge how relevant the recent gaps have been. Certainly they both exhibited higher volume. But neither bar was bullish, which is preferred for a gap up. So saying, the current uptrend (established in early December 2014) is linear so, over the longer-term, the trend is likely to continue - if FSL has now become established.
I would say it's early days for FSL as yet - but if you like to trade less established stocks then this looks set to continue higher.
As this stock has not been trading for long it is more difficult to gauge how relevant the recent gaps have been. Certainly they both exhibited higher volume. But neither bar was bullish, which is preferred for a gap up. So saying, the current uptrend (established in early December 2014) is linear so, over the longer-term, the trend is likely to continue - if FSL has now become established.
I would say it's early days for FSL as yet - but if you like to trade less established stocks then this looks set to continue higher.
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