This is my first post. Only looked into TA recently but thought I would share something that I graphed out. Fluence is a company that I have been following recently on recommendation from a friend
It was trading and bouncing off 38c for awhile but recently with its operational updates has broken out on volume. This pump had a healthy retrace recently and has settled in the mid 40s. I think that there is an invisible buy queue around 43c and that seems to be a new support floor.
Happy to get feedback on this and opinions as I only started charting a few weeks ago :)
I agree with this, I posted on Sunday and Monday/Tuesday about the potential for a breakout then a reversal.
Most likely a consolidation will happen around the mid 40s due to current resistance levels
increddyble
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@keenbeen, yeah nice one :) This looks pretty solid around 43.5
Need a few more candles but we should see a trend reversal given their recent announcements. Definitely a good MT hold
I agree with this, I posted on Sunday and Monday/Tuesday about the potential for a breakout then a reversal.
Most likely a consolidation will happen around the mid 40s due to current resistance levels