$FL: Everything lining up for a big move up

Jan 7, 2023

FL has a nice setup in basically every timeframe here, which suggests it could make a major move to the upside from here after next week. If it were to fall below $37 this setup would be invalidated for the most part, so watch out for that. Pays a 4% dividend, has an 11% earnings yield, and 0.42 price to sales ratio, with very low debt and actually producing EPS growth this year, it doesn't get much cheaper than this for a stock with potential upside. Definitely worth a shot here.

Best of luck!
Cheers,

Ivan Labrie.

Jan 9, 2023

Trade closed manually

Probably ok to side step everything going into tomorrow...overnight might not be desirable until Powell and CPI data are out of the way.

Jan 11, 2023

Trade active

Ready to move again

Jan 17, 2023

Trade closed manually

Daily trade worked but weekly failed for now...Taking partial profits or trailing stop after the daily target was hit would have helped here, had I not waited for the weekly to pan out.

Jan 25, 2023

Trade active