Elpidaldo

FLGT: NICE LONG SET UP

Long
NASDAQ:FLGT   FULGENT GENETICS INC
Price about to break the ascending triangle .

3 scenarios:

1. Break imminent
2. More range bound within the triangle and then break
3. Fail

My targets for 1 and 2 are 75 (the triangle target) and then 100 (Fibo extension).

Trade safe.
Trade active: Here is the break
Trade closed: target reached: We reached 73! Trade closed.
Great one.
Comment: usd100 next!

Comments

Great trade! What you think of the next highs/lows? will the trend continue?
Reply
@cyberk, hey, I have to admit this one went above my expectations. The supports I have are 136, then 100. Resistances are 145 and 163 (all base on fibo extensions).
The 4h candle looks like a shooting star, showing some sign of pause or reversal. Let's see how the price goes today.
Reply
Great trade!! Impressed
Reply
@cyberk, thanks, yeah! Getting the Champagne out!
Reply
cyberk Elpidaldo
@Elpidaldo, Also i notice on my FLGT chart i get a green dot with your idea/alert, thats a great feature! i dont get alerts for others i follow as ideas are mostly currency related and less stocks. I maybeneed to explore more ideas for stocks
Reply
@cyberk, check out the trade on OPEN on my feed
Reply
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