FCL Breakout - Watch for consolidationFCL has broken out from the downtrend, looking for a consolidation in between $2 and $2.40.
Looking out for high and tight flag with reduction in volume. Alert to be set on flag breakout
FCL trade ideas
FCL Trying to return to uptrendunderlying fundamentals are pretty good. Strong revenue projections and likely by a few major funds. Price has recently broken out of 6 month downtrend. prior to that there were 2 strong uptrends. Looks like this recent breakout could be a return to uptrend. a couple of interesting resistance levels (4.76 & 5.01) on the way back up to ATH
FINEOS Daily!It is facing a nice support zone and can be return from 3.5-3.6 and changed the trend.
But if this powerful support is gone, next support is 2.9 - 3. First Target from 3.5 support zone is 4.35 and the next one is 4.7. The midTime target is 4.8! The long term goals are shown in the chart but achieving them needs to conquer and break 4.8 resistance as well! Green Lines are future targets!
Use candlestick pattern for making decisions
