Kangaroo tail on FASTWhile we wait for that huge head&shoulder to complete and go short, the right shoulder is giving us another nice signal with the formation of a kangaroo tail. Both the promise of the major pattern completion and the tail gives me enough confidence to open a trade at my standard risk %. This time I'm using channels to calibrate stop loss and take profit. SELL STOP @ 55.02, STOP LOSS @ 56.02, TAKE PROFIT @ 53.13
FAST trade ideas
FAST Earnings - BearishFAST, big gap up on the last ER. just touching the trend line, all the ma's pointing down. Earnings on Wed premarket. Looks bearish at the moment, can fill the gap to 50.
The sell volume on the last 2 days is 1.5 times the average, not a good sign before earnings.
Price increased only in the last ER out of last 5 ERs. Generally decline or no change within a day or two.
FAST. SHORT IT TO THE GROUND! (FAST is the name...)Boy I hate using metrader on the phone. Well it's not that bad on the S9+. I just hate the autoscreen, same on TV it scales auto every time you open a new chart.
I don't know how high it could get before going down, if it goes down.
I feel bad taking advantage of investors losing money HAHAHAHA just kidding hope it falls hard, while it does I will try finding a few bagholder quotes for a good laugh.
Inb4 stop lossed in 30 minutes.
Digging Thru Growth ProspectsHello Traders,
This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout.
Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the position size on shorter term consolidation breakouts.
Given the measured breakout of a flag pattern this potentially has the opportunity for a near 50% bump in the stock price. The minimum stock price increase I look for is 20%, anything less than that and I tend to move on from the trade. Keep in mind this is merely on my watchlist, and I never trade everything that goes on my watchlist.
Hope you enjoy my technical analysis on this stock. Cheers. =)