FFIE in a rising channel breakout ( RIP FSR) LONG

AwesomeAvani Updated   
BATS:FFIE   Faraday Future Intelligent Electric Inc.
FFIE is rising in a Keltner channel with a moving average channel superimposed. On this

15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the

morning onf April 8th with the continuation into April 9th. This is a volatile penny stock.

Long trades are taken when price crosses through the moving average channel especially

if there is a corresponding volume spike.

The exit when price touches or crosses the upper boundary of the Keltner channel. I

have added the ATR stop loss indicator to manage the stop loss and its advancement up as price

rises. The trend up is now 35% but could easily continue higher. I will take a long trade

here with about a 5% stop- loss targeting 0.1184 and 0.1234 as recent pivots to the left.
Trade closed: target reached:
Both targets reached. Trade closed. Deep pullback after that. I may re-enter with
a portion of the profits.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.