RSI reset, bull flag into support without a divergence.
Placing order around MA cross on the 15m. Daily, MACD and RSI looking bullish too.
FLGT is one of my favorite stock for long term holding with very strong fundamentals. Sold some $90.00 Naked Puts as price rejects to break 0.618 level on 4 hour chart. Also 4 hour trendline broke with RSI at 46. For the scalpers/short term traders the first target should be 0.50 level. Please hit like, if you agree. Thanks
Fulgent Genetics NASDAQ:FLGT After some consolidation, Its ready to fire again..
I am already long FLGT. Most analyst, like me are very bullish on this stock. Now is a great risk/return entry point.
We see at points 123 that after every hot drop, we experience a bullish momentum. This is caused by the big boys who are waiting for a dip to get in. Now at point 4, we see a nice dip. I want to join the big boys and buy this one. Comment what you think below. Don't forget to click the like if you do. Thank you.
Fulgent Genetics #FLGT specialised on genetic tests and now making tons of money on COVID-19 ones. They have also equipped hospitals with IT software for tests data processing. Even with vaccines tests will be required for months ahead therefore #FLGT may have some more space to grow. First target $65, then $80
What a day, huh? The markets responded positively to the Inauguration but FLGT fell about 10% (13% but it then recovered some). Seems like it is time for a pause for this stock after a long and healthy rally. TECHNICALS Weekly There is bearish divergence between price and rsi (also on the daily, obviously). We can see that FLGT has been riding the 14/21emas...
Broke out of ascending Triangle & supported on 59.92. Might be looking to break back out of previous ATH
+ $FLGT pending Emergency Use for its Home COVID Test kit + COVID hospitalization and death at all time high + COVID expected to continue to surge through Jan-Feb + people reluctant to leave the house especially to hospital/COVID test loc. in fear of COVID + older people may have hard time leaving the house + more frequent tests needed for high risk jobs + short...
Price about to break the ascending triangle. 3 scenarios: 1. Break imminent 2. More range bound within the triangle and then break 3. Fail My targets for 1 and 2 are 75 (the triangle target) and then 100 (Fibo extension). Trade safe.
Can you see why I love this chart? Still the far end is a little too loose for me. But I could make an exception and just have a bit of a wider stop or zoom in to a lower time frame. I dont really have any more room in my portfolio for another position, maybe ill have to dump something that is underperforming. We will see, no rush.
FLDM looking for a break of trendline as PCR testing at all time highs according to labs across U.S and turkey holiday coming