Falling wedge spotted on FLNT Weekly chart. We can take a long position in the range of .85 to $1.00 based on this falling wedge pattern. We can place stop losses below at .80. The target is $17 based on this pattern forming from the bear trend dating back to 2010.
Comment:
If the price does not touch the support line again we can buy the breakout of the resistance.
Trade active:
Broke through the falling wedge resistance