In the process of learning TA so all feedback is welcome and definitely not advice on what to do!
FET is continuing its uptrend, it broke above to 55 cent briefly before retracing which is normal after nearly 1000% run up,
In the past there has been a lot of support at 0.38 cent so to me looks like an ideal entry point, could be a nice bounce up to 0.47 cent if it hits that entry for a 25% gain
0.34 has also seen a lot of support in the past but that would lead to breaking the trend so there could be more downside from there..
0.50 has been a point of strong resistance but on hitting that further targets would be 0.55 and 0.62
Entry 0.38
Stop loss 0.34
TP1 0.47
TP2 0.50
TP3 0.55
TP4 0.62
FET is continuing its uptrend, it broke above to 55 cent briefly before retracing which is normal after nearly 1000% run up,
In the past there has been a lot of support at 0.38 cent so to me looks like an ideal entry point, could be a nice bounce up to 0.47 cent if it hits that entry for a 25% gain
0.34 has also seen a lot of support in the past but that would lead to breaking the trend so there could be more downside from there..
0.50 has been a point of strong resistance but on hitting that further targets would be 0.55 and 0.62
Entry 0.38
Stop loss 0.34
TP1 0.47
TP2 0.50
TP3 0.55
TP4 0.62
Comment:
So it didn't come back down as far as 0.38, but did hit the target of 0.47!