profit.hunter.7
Long

Bullish Divergence

BATS:FIO   None
87 0 0
FIO has been in a downtrend for a while. I noticed huge volume in October when the stock was making a new low. After that we have a reversion that give place to a new low in price in December, but in this case RSI and MACD denied the new low, printing a divergence with price. Another thing that make me think that we have seen the worst is the fact that we regain the SMA of 20 days with decent volume .
I'm going to keep my long position if price can stay above the SMA of 20 days ($9,14) and that's gonna be my Trailing STOP.
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