NASDAQ:FAAR   First Trust Alternative Absolute Return Strategy ETF
Long-term opportunuty that might unfold over the next couple of months.
A price action above 30.00 supports a bullish trend direction.
Negate the bullish bais for a break below 28.00.
Increase exposure for a break above 31.00.
The first profit target is at 32.00.
The second profit target is at 34.00 (upper range of the linear regression channel pattern).
The recent steady bullish trend is a positive sign for investors, indicating that the stock is consistently increasing in value over time. This can provide opportunities for investors to profit by buying the stock and riding the trend. However, it's important to always use proper risk management techniques and consider other factors such as market news and fundamentals before making any such trades.
It remains a risky trade.


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