FLS trade ideas
Consolidation between 212 - 282- wait for breakoutConsolidation between 212 - 282. Wait for a possible breakout above 282, to enter.
FLS back in the game ? 📈🤷♂️Just to share and to follow my own investment.
FLS is starting to look promising as there are more signs on the positive side then the negative and as i show on the map aswell
remember always to do your own analysis
Marttin
Continuing bearish case, or bullish turn?I see a good buying opportunity at these levels, especially for long investors.
We're not quite in the buy range, but were momentarily today.
The oversold RSI on the weekly and major double bottom is what I'm counting on for this bullish reversal.
115 is a critical level, and must hold for this bullish case to have any meaning according to Elliot wave.
I currently have not stake in this, but could be if we get closer to the double bottom, which would be very interesting.
Happy trading.
FLS - Currently Bearish. Might consolidate around 180-200 RSI close to 30.
MACD bearish
Moving averages bad
Might fall a bit, and later consolidate around 180-200 for next 3-6 months.
Swing in to earnings Trying to make the next swing.
MACD is making a bullish cross
RSI is making higher low´s ( close to 0,50 )
Earnings comming in tomorrow.
Open trade : 246,00
Set TP : 297,00
Set SL : 238,00
Risk / Reward ratio: 5,44
This is NOT an investment advice - remember always to do your own reseach - happy hunting
Short swing high @ bear channel resistanceEntry:
Short on break of correction trend line.
Context:
Short-term bear channel within long-term symmetrical triangle.
Ongoing drop towards triangle support.
FLSmidth & Co. - possible long if confirmed reversalKey level of support in trend-channel as well as previously known resistance that could act as support now. Important that it confirms reversal from downtrend before going in.
FLSMIDTH - a long case?Danish OMX:FLS is a mining- and cement company. The financials of the company has been stressed for a long time like the entire sector. Recently the commodities AMEX:DBC has started to outperform the broader stock market which could indicate a shift in sector sentiment.
From a technical perspective we have seen significant support at the annual report ("Årsrapport") level from February this year. Furthermore the price has climbed above important horizontal volume level at approximate 255 DKKR and is trending well above it's MA.
I am looking for a target at hidden volume level around 305 DKKR. This level has confluence with a Gartley pattern as well.
FLS weekly map (sharks 'n 5-0's)Two shark to 5-0 possibilities or a flat correction in a bigger AB=CD . Look for bullish lower TF setups for a ride to the largest shark if this smaller daily shark fails:
FLSMIDTH bearish 5-0FLS completed the daily bearish 5-0 with a minor instant reaction. We've just had another test which resulted in a succesful bearish bat on the hourly time frame. See private chart below.
Targets if 250 is taken out would be the potential bullish bat/leonardo close to the last bottom. In case of total break down I have marked som older lower targets. For now I will properly remain bearish as long as the box/channel isn't broken.
Q3 on thursday the 12th and already more than 4% down from the PRZ makes it way too risky to enter now but I thought I'd share it anyways.
Bearish bat on 2h private chart:
Best Confluence setup I have seen in a long timeSchiff Median, Nen Star, Action-Reaction, ABCD, 1.272 ABCD, 1.13 Fibonacci, Support from an old Channel, RSI below 30 and high Volume
