FSL is fundamentally a good company and has its operations across the globe. Since it’s launch stock has given more than 37% return YTD. After making lifetime high, stock has fallen more than 60%. It has formed a rounding bottom on weekly chart and closed above the neckline with good volume and tested the same level.
On daily chart, stock has done positive price action and showing strength for upside.
In last trading day, stock has given breakout on lower timeframe with good volume and ready to begin its upward journey.
One can buy this script in swing or position as per their risk management. Stop loss will be 120 that can be immediately moved to 135 once price confirmed the brakout of lowe timeframe in higher timeframe. Targets are mentioned in the chart.
Happy trading :)
On daily chart, stock has done positive price action and showing strength for upside.
In last trading day, stock has given breakout on lower timeframe with good volume and ready to begin its upward journey.
One can buy this script in swing or position as per their risk management. Stop loss will be 120 that can be immediately moved to 135 once price confirmed the brakout of lowe timeframe in higher timeframe. Targets are mentioned in the chart.
Happy trading :)
Trade active:
Trade is active as the breakout has been tested.
Trade closed: target reached:
This stock rose ~4% today and made a high of 151.90 and hit the first target. Those who are in position can book some profit and keep trailing for the next targets.