FLT is for all the marbles, but when will it move? I dont know.
FLT is one that truly has power to move incredibly to the upside. The company is doing great things, and is outpacing all competing drone delivery companies by a stretch. They are creating multiple revenue streams, they have a good management team as well.
I think in 2019 they had a huge run to 1.71, the reason being is the hype surrounding the product and the innovation; at which time, people realized they were paying too much for it and it started to lose steam.
The lowest its traded at as of recent is .50. Although I personally dont think it would go down to .50 any time soon again.
I personally think its primed and ready for take off. The big challenge with this one is the amount of bag holders. That will cause lots of trouble, but I see this moving with velocity between the various levels of resistance.
I currently have a position with an average of .64. I will double down if it goes down to .50. Otherwise, Ill be waiting for movement to the upside. Once it starts moving, I may be in an out consistently at levels of resistance or just build into my position while its rising, until it stops going up at which point Ill sell my entire position.
Investing is risky and this is just an idea of a trade that I am personally executing, trade at your own risk.
I think in 2019 they had a huge run to 1.71, the reason being is the hype surrounding the product and the innovation; at which time, people realized they were paying too much for it and it started to lose steam.
The lowest its traded at as of recent is .50. Although I personally dont think it would go down to .50 any time soon again.
I personally think its primed and ready for take off. The big challenge with this one is the amount of bag holders. That will cause lots of trouble, but I see this moving with velocity between the various levels of resistance.
I currently have a position with an average of .64. I will double down if it goes down to .50. Otherwise, Ill be waiting for movement to the upside. Once it starts moving, I may be in an out consistently at levels of resistance or just build into my position while its rising, until it stops going up at which point Ill sell my entire position.
Investing is risky and this is just an idea of a trade that I am personally executing, trade at your own risk.
Comment:
Notes to self:
Sell @ 1.00
Buy back 1.18
sell 1.60
buy back breakout all time highs.
Sell @ 1.00
Buy back 1.18
sell 1.60
buy back breakout all time highs.
I was thinking of increasing my position, but Im gonna just run with what I have for now.