After months of consolidation within a well-defined ascending triangle, FCCL is showing signs of life again! The stock has just broken out of its horizontal range with a strong bullish candle and surge in volume – signaling momentum may be shifting upward. 💥
🔍 Key Highlights:
✅ Price has reclaimed the top of the consolidation range.
🔺 Breakout confirmation above 51 will be the ideal trigger for a long entry.
📊 Strong volume confirms buyer interest.
📈 RSI has crossed 70, indicating bullish momentum.
🎯 Targets:
TP1: 60.09 – First logical target post-breakout.
TP2: 71.54 – Ultimate target based on pattern projection.
🔐 Risk Management:
Stop Loss: Placed below the support zone at 45 to protect against false breakouts.
⚠️ Plan of Action:
Wait for a sustained move and close above 51 to confirm breakout strength before entering. Patience pays off in setups like these!
🔍 Key Highlights:
✅ Price has reclaimed the top of the consolidation range.
🔺 Breakout confirmation above 51 will be the ideal trigger for a long entry.
📊 Strong volume confirms buyer interest.
📈 RSI has crossed 70, indicating bullish momentum.
🎯 Targets:
TP1: 60.09 – First logical target post-breakout.
TP2: 71.54 – Ultimate target based on pattern projection.
🔐 Risk Management:
Stop Loss: Placed below the support zone at 45 to protect against false breakouts.
⚠️ Plan of Action:
Wait for a sustained move and close above 51 to confirm breakout strength before entering. Patience pays off in setups like these!
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.
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.