FL on the 15-minute chart has indicators showing bullish divergence after the
big drop on the earnings miss. The volume profile shows heavy trading volumes at the
15.60 level. I am looking for a long trade to the mid-fib level of $20.00. I will set
a buy stop at $ 15.60 for when price crosses over the PCO line of the volume profile
for a trade anticipated profit of about 4.5 % with a much lower risk.
big drop on the earnings miss. The volume profile shows heavy trading volumes at the
15.60 level. I am looking for a long trade to the mid-fib level of $20.00. I will set
a buy stop at $ 15.60 for when price crosses over the PCO line of the volume profile
for a trade anticipated profit of about 4.5 % with a much lower risk.
Trade active
FL is rising well. Trade is now risk free as the stop loss is well above break even. 25% of position is closed to take some profits.
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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.