Long
FTM - surging
meant to post this sooner at one of the previous break levels but it moved to fast. that said, it still looks buyable here or on retrace. price surging, on volume. Still has a lot of room it could go, coming from that much strength. Caveat, the average daily volume is much lower, so it does carry risk. Momentum play. Would say high risk but very high reward potential. Waiting for a retrace would reduce the risk/reward significantly. and/or waiting for more breaks for confirmations on a longer term smaller position hold.
Trade closed: target reached
nice run. closed it all out.Note
support on the levels. looks decent. would stay its def possible to run again
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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.