Fortress Biotech, Inc.

NASDAQ:FBIO   Fortress Biotech, Inc.
On the above bi-Weekly chart price action has corrected over 90%. A number of reasons now exist to be bullish , including:

1) A strong buy signal prints (not shown).
2) Regular bullish divergence. Multiple oscillators now print positive divergence.
3) 2-week hammer candle on support
4) No stock splits.

Is it possible price action falls further? Sure.
Is it probable? No.


Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= 46 cents
Trade active
40% in 9-days.
Better get the incense burning, think we'll go with sandalwood today.
Trade active:
Price action has confirmed support, a 10 year support at that, expect a strong move.
Monthly support confirmed. Hold until 4.50
Trade active
Trade closed: stop reached


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Allow 3-6 months on ideas. Not investment advice. DYOR

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