--Educational Purposes Only, not Trading Advice -- Seeing as today's candle had long wicks, I decided to investigate whether there might be a reversal on FRGI. The Volatility on FRGI has stopped increasing so fast today, similar to 26 Nov '21, 29 Dec '21, and 19 Jan '22. This leads me to believe that there is a possibility for a reversal if the Volatility...
* Trade Criteria * Date First Found- December 5, 2017 Pattern/Why- Speculative breakout trade Entry Target Criteria- Break of $20.07 Exit Target Criteria- $27.24 Stop Loss Criteria- $18.43 Indicator Notes- Very strong Twiggs moneyflow index Special Note- Lots of insider buying Please check back for Trade updates. (Note: Trade update is little delayed here.)
FRGI seems reversing upward. It crossed above recent down trend & EMA lines. Break above 22.73 will be long entry confirmation.
3-30 Another name that's broken it uptrend to the downside. Now? Its all about a snap back rally bear channel to form when it comes to shorting this issue and not until. We've got some Fibonacci retracement zones to help guide us and some overhead supply in the $64 zone. Lets see what it looks like when and IF we get there. These are not recommendations, Trade...