FTR
FTR - Upward momentum Long from 11.12 or 10.27 (Pull back entry)FTR looks very good as long as it continuing upward after its earnings report. Twiggs money flow showing its upward strength. It also went through the entry criteria we discussed on last trading room discussion.
* Trade Criteria *
Date First Found- May 3, 2018
Pattern/Why- Upward momentum Long setup
Entry Criteria- pull back to $10.27, or a break through $11.12 (Hit May 4, 2018)
Exit Criteria- Momentum
Stop Loss Criteria- $9.43
Indicator Notes- Very strong Twiggs money flow.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FTR- Fallen angel pattern breakout Long from current levelFTR looks very good at current level as it has really good money flow index. We think it will continue upward from here.
* Trade Criteria *
Date First Found- April 12, 2018
Pattern/Why- Breakout Long, Fallen angel pattern
Entry Criteria- From current price ($8.82)
Exit Criteria- Momentum
Stop Loss Criteria- $7.93
Indicator Notes- Really good twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AUDUSD Hourly thoughtsCurrent thoughts on Hourly AUDUSD.
If you have any charts on AUDUSD and if you also trade Supply and Demand in the terms of FTR, FTB etc. then please Message me on tradingview or instagram so we can link up!
Also please let me know if i missed anything out on this pair, there is always more to learn!
Instagram : @ThatYoungTrader
AUDCHF Daily idea for coming week.AUDCHF is in a nice uptrend right now, yet it hit recent highs not too long ago and then made a nice drop back down to demand, Price is going back and forth right now in between a range, both Sell and Buy oppertunitys can easily be grabbed on Lower time frames. AUDCHF could go up and if it breaks the previous highs we can see a significant increase in price. Yet it is also very possible to drop lower from this point, this could also be to grab more liquidity for the upmove.
If you have any charts on AUDCHF and if you also trade Supply and Demand in the terms of FTR, FTB etc. then please Message me on tradingview or instagram so we can link up!
Also please let me know if i missed anything out on this pair, there is always more to learn!
Instagram : @ThatYoungTrader
FTR- BUY, Bottom Confirmed on Fib Ext, Bounce to$2.35 then $2.67FTR was looking for a bottom and found it on the fib 2.618 extension at $1.95. 20% upside on a bounce to $2.67. Fundamentally, expectations are too low for Q1, after numerous one-time items caused Q4 metrics to strike fear in the market and even the analyst at GS. The GS downgrade created the capitulation bottom at $1.95. (Note: the preferred shares FTRPR offer an even better entry price with $14 of dividends until June 2018 conversion @ 20:1 common shares)
FTR Breakout Potential (Symmetrical Triangle)FTR looks due to break out of its coil. Breakouts of symmetrical triangles can go either way, but there is significant upside at this price point.
FTR - POSSIBLE COMPLETION FOR THIS CORRECTION FOR A WAVE UPFTR seems in a corrective phase in a descending channel. I'm expecting one more test on lower channel before a possible wave up. If the rising trendline is broken it invalidates this setup, it will be a totally different trend.
Is FTR A Good Investment Candidate ??This is a WEEKLY chart of FTR. You are looking at about 7 years of history...
FTR just recently bought some assets from Verizon. I would say the stock ran up on the purchase and now it is falling back to the uptrend line that started back in early 2014. Is FTR a good investment candidate at this point in time?
Let's look at the best part of the chart first. Yes, it is the downtrend line. A SEVEN year downtrend line! If you are going to consider FTR a good investment candidate it can' t be in a downtrend. I would comfortably say the downtrend is over. I could be wrong but I will feel pretty comfortable as long as the price stays above uptrend line #1.
What is the next thing I like about this chart? I like that there are 3 uptrend lines I was able to draw. Each of them is steeper than the last. Now this won't go on forever but it tells me that the amount of buying in the stock is increasing and the amount buyers are willing to pay is also increasing. Maybe it will just stay at the current pace and the price will follow uptrend line #3. If that is the case, then I would expect to make >5% per quarter including the current dividend. Yes, I said "greater than 5% per quarter".
This idea is sounding way too rosy at the moment so lets talk about the risk. The risk is that FTR is not going to stay above uptrend line #3. There is also a risk that it won't stay above uptrend line #2 or even uptrend line #1. There are many ways to protect yourself between now and those possible breaches but anything is possible. Your first high probability downside bet would come into play if FTR closes below uptrend line #3. The longer the price stays below uptrend #3 the better the chances are the stock price will continue to fall to uptrend line #2. After that it could drop to uptrend line #1 or below.
If you are not worried about how rosy this idea is sounding and you are curious about going long, let me tell you what I see in the chart. At the moment, I would say FTR is coming back to a level that investors feel comfortable with. What is that level? Your guess is as good as mine. My guess though is uptrend line #3. From the time the downtrend line broke in early 2014 to now, uptrend #3 is the place where the stock has found support. Maybe it will happen again.
There are a couple horizontal lines of potential support I see on the chart as well. These could also be places where the stock price decides to turn around and continue its ascent. Those levels are $7.10 and $6.80 "ish". I would not buy stock in anticipation of these levels working. I would wait and watch to see what the action looks like at these levels. Why? Well if you buy tomorrow anticipating a turn around at $7.10, and it doesn't happen, you will lose money until it does turn around. If FTR continues to fall to uptrend line #3 you could lose about 9% of your investment. The point is to buy as close to the support level as possible IF you see signs of the turn around.
If you are buying for a long term investment and the dividend FTR offers, you might feel like there is no reason to wait. And you may be right to a point. But I will offer this. Assume a $1000 investment. Every $0.25 less you pay for the stock equals about 5 additional shares. Those 5 additional shares (per $1000 invested) means 5 less ten and a half cent dividends every quarter from now until you sell the stock. What if this is the beginning of a 7 year uptrend in FTR? Those lost dividends would add up over time! Not to mention the compounding you would lose out on as well.