Falling wedge spotted on FLNT Weekly chart. We can take a long position in the range of .85 to $1.00 based on this falling wedge pattern. We can place stop losses below at .80. The target is $17 based on this pattern forming from the bear trend dating back to 2010.
Note
If the price does not touch the support line again we can buy the breakout of the resistance.Trade active
Broke through the falling wedge resistance
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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.