Long
FTCH is prone to big swings and this setup looks ripe
FTCH is prone to big swing and this setup looks ripe.
Last swing, from 6.52 to 12.89 took only 6 weeks. It was also triggered by earnings report.
Current setup is even more favorable for upward movement than what it a quarter ago.
If earnings report (17th, after the bell) is favorable, I believe bulls will push it all the way up to $16.5 - $17.5 range.
If it fails to react on earnings, just get out.
Last swing, from 6.52 to 12.89 took only 6 weeks. It was also triggered by earnings report.
Current setup is even more favorable for upward movement than what it a quarter ago.
If earnings report (17th, after the bell) is favorable, I believe bulls will push it all the way up to $16.5 - $17.5 range.
If it fails to react on earnings, just get out.
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