FAVCO LongThe upward trend is strong as indicated by the Trendline.
Having broken a major resistance, the bull remains strong.
If in the money, Ride the Trend.
FAVCO trade ideas
BO HORIZONTAL RESISTANTSector industrial product.QOQ sales and profit decreasing for past 3 quarters,however increasing on YOY.Price just brokeout from strong horizontal resistant with higher than average volume.Noticed that smart money are buying this stock.Lets watch out for a new uptrend if this breakout is successful
FAVCO - MID TERM REBOUND AS BANKER FUNDS ENTERINGIDEAS:
1. Mid term rebound
2. BBD +ve
3. MCDX Smart Money entrance
4. Bankers collection started and going strong
4. Target to reach 2.65 and above. A 20% upside.
