FORTIS price chart given a long term resistance break out near 200, one can add on dips for target 300 by keeping stop loss below 205.
I just aired my thoughts based on the daily chart, a little while ago. I asked the question, what next, in that chart. The zoomed-in view in the lower time frame is just an exercise to look at a few scenarios. IF the price takes support at one of the green lines AND manages to clear the magenta resistance lines, it would be a strong clue that an upside range...
Price has been stuck in the broad range of 148-200, captured by the green zone. The recent rally off the green support line represents a higher low within the context of the trading range. If price manages to bounce off the intra-day support at 172-178 range, then I would get interested in the stock. The real clincher would however be a strong breakout & close...