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Machinery

$AQUA with the trifecta: price, volume & relative strengthThe price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50. The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action. Still, I'll wait for the breakout to buy with a price target at HKEX:62 for a +25% profit. You can see that I was stopped out on MARCH 2022, can you imagine if I hadn't use a stop loss? More than a year with dead money. I good to see other leaders within the industry like NASDAQ:TAYD , NYSE:SXI , NYSE:GHM & NASDAQ:SYM are also trending higher, this gives support to $NYSE:AQUA. This is a market of stocks, not a stock market!
ALong
by dpuleo19
R more than 8, Long term swing opportunityHello all again. This is swing with R>8. FLS has lagged behind the machinery industry trend over a 52 week horizon, but has outperformed since last 2 quarters. The daily chart shows the over delivery vs a major ETF encapsulating the major players. FLS has been recovering the covid crash, and found itself several support points, and a decent 4 month old channel, delivering 40% growth since November. Institutional ownership is 98%, which perhaps is a negative sign, showing that the likes of you and me dont get to play much. Please see the trade plan and rationale in the chart. Also check the CRAZY volume it got today.
NYSE:FLSLong
by amoleji