FLGT: NICE LONG SET UP Long

Fulgent Genetics, Inc.NASDAQ

Description

⋅ Dec 30, 2020 10:47 AM

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

⋅ Dec 31, 2020 5:20 PM

Here is the break

Trade closed: target reached

⋅ Jan 8, 2021 4:26 PM

We reached 73! Trade closed.
Great one.

Comment

⋅ Jan 27, 2021 6:41 PM

usd100 next!

Comments

cyberk

⋅ Feb 2, 2021 11:12 AM

Great trade! What you think of the next highs/lows? will the trend continue?

Elpidaldo

⋅ Feb 2, 2021 2:31 PM

@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.

cyberk

⋅ Jan 7, 2021 3:29 PM

Great trade!! Impressed

Elpidaldo

⋅ Jan 7, 2021 3:56 PM

@cyberk, thanks, yeah! Getting the Champagne out!

cyberk

⋅ Jan 7, 2021 5:44 PM

@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

Elpidaldo

⋅ Jan 7, 2021 6:19 PM

@cyberk, check out the trade on OPEN on my feed