FN
FN - more than 10% decline aheadFabrinet seems to have finished minor wave 2 up and should begin wave 3 of intermediate 3. This move should show a good strength and prices should reach more than 10% of decline and up to the most probable first stop target at 48.25. If prices cross up 62.60 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Fabrinet - started to trace wave 3 downFN is finishing subminuette wave 1 from intermediate wave 3 down. It could have a counter-trend move up up to around 63.00 before continuing its trend down to levels below 45.00. If prices crosses up 67.00, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FN - Short now, target- 31.13FN seems braking down from longer term upward channel. Money-flow is diverging & just broke down to negative area.
We like to take the trade at current price & for trade we are looking for Oct16- 35 put, which are currently trading for $2.03
You can check our detailed analysis on FN in the trading room/ Executive summery link here-
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Time Span: 1:25"
Trade Status: Oct16 Trade opened ( Aug 5th)
