FAST is slowly decliningHaving just flashed a sell signal, FAST is about to hit the top of the trend channel. Earnings may finally be the catalyst for this next move down. If FAST holds to the trend, upon hitting resistance, the next stop could be below 39.00.
The safest bet is a drop to around 40.00 as this has been recent support. The triple stochastic indicator has been pretty accurate at finding changes in the stock and appears to be right on course with the most recent signal.
0IKW trade ideas
FAST- Something Is About To Change In The AirWe've had consolidated indecision for a while on this stock. But we are now seeing a change in the air.
Looking to go long if we see gap up or aggressive buying action. Doji gap up is very bullish in itself and is in my opinion, sufficient to buy if this happens.
If it gaps below 42, it might even be a short. It's a waiting game