Long
FBC- Flag formation Long from Current price to $31.77
FBC forming a flag formation & seems ready to break upward. It rallied up, broke the over head resistance and formed a flag formation. Now its ready to breakout.
* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Current price ($28.54)
Exit Target Criteria- $31.77
Stop Loss Criteria- $27.47
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Current price ($28.54)
Exit Target Criteria- $31.77
Stop Loss Criteria- $27.47
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
February 17th- We considered a position in the morning as we discussed to Long from current price. It pulled back to MA resistance and closed strong. This is looking good.Note
March 6th - flag is breaking down, likely to stop out although it closed strongNote
March 13th - Went up & tested MA20. but could not hold to it and closed bearish. Wait & see situation.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.