buy1, buy2 robo signals in early June indicate we can buy this stock, but now we are late to the party. If the chart breaks the support (0.75cad), then we will have to wait till 0.63cad to buy. If the chart doesnt break support, then we can buy at 0.75cad. We will have to wait and see.
S1 looking for either break up ("dead cat bounce") or break down at this level, if the XJO rallies and has a Rejection at 5980 FLT is a short and will be in trouble. Or if we break S1 i'll be playing short till S2 as FLT has all the Fundamentals against it at this point of time.
Weekly Chart Looks BULLISH NEW 52-WEEK HIGH AROUND THE CORNER! Position: 5000 SHARES PRICE: $217.71 ABOUT THE COMPANY FLEETCOR Technologies, Inc provides fuel cards and workforce payment products and services. Their customers include businesses, commercial fleets, oil companies, petroleum marketers and government in America, Netherlands, Belgium, Germany,...
Company does not pay dividends. Would be at a good price though when bouncing off 200 MA and sustains a move towards $280
FLT broke down from a rising wedge, consolidated in pennant formation and now seems breaking down from the pennant. It is showing strong downward momentum as it crossed down all the moving average & down volume increased huge. Overall it looks a decent short with good risk-reward ratio. Trade Criteria Entry Target Criteria- Break of $140.71 or rally to 146...