FTFT trade ideas
FTFT 30 Min candles possible path to profits IMOTrade details on chart. I have a small long position currently at 5.07 avg, if this pattern follows through I will be likely doubling my position, in the hopes of cutting avg in half, winding up with avg 4.1s-4.2s. An avg in this area puts me in a position to be very profitable here in my opinion. I do believe the loss of trend support that occurred the last hour of trading on Friday, Jan 5 indicates the H&S pattern will materialize with a breakdown out of it. Possibility that a hammer reversal candle is formed, with a long wick touch to the 3.06ish area, serving as a close to the gap below. If price action can fight back up to close in the 3.6s, it sets up this pattern for profitability in my opinion. NASDAQ:FTFT
FTFT Short Positions & FibonacciI expect some short term price boosts for "Future FinTech Group" but not too many. For the past 5 years, it has had downtrends for price. The past 3 month was only filled with some upward trends as a minor recovery. For long term positions, given their digital presence and infrastructure I would say it can still be too risky beyond mid 2018. They can potentially go higher up for a long term, but that would be entirely only speculative. Right now for short bursts, it is investible but still highly risky as a stock position. This is especially true when you compare it to everything else in my portfolio.
FTFT: Looking to long and showing signs of a quick pop in price.All of my indicators on this chart are anticipating a price pop. RSI is right at 32.5 which is indicating it is being oversold, MACD is looking to cross back up and Bollinger is hitting the lower standard deviation. Lastly, is the VWAP which is the only indicator that is not directly showing signs of an upward pop. FTFT
