TSXV:FLT   DRONE DELIVERY CANADA CORP
Bullish TSXV:FLT

A wedging pattern formed and a breakout is imminent.
Bullish candle at close
✅ Near the end of the wedge
✅ Red Flags = Relative Strength Index ( RSI ) divergence shown here

A price entry can be made inside the wedge or when the bullish movement is confirmed at the breakout and confirmation level of $2.14.
This is a 1-2 week trade for a 7-10% profit gains (or more if it can break the $2.30 resistance) .

Confirmation: ~ $2.14
Price Entry: < $2.07 or at Confirmation
Price Target (PT): > $2.30
Profits: ~ 7-10% gains


- Pocketfeeder

Comments

Thanks !

Do you think that FLT is a long term invesment (5 to 10 years)?
+3 Reply
I believe FLT has a lot going for them. However, many things can change within a 5-10 year span.

A more established company with dividends is a lot more appealing for a long hold like that IMO.
Reply
Dan902839 pocketfeeder
@pocketfeeder looks like he thinks it’s a 1-2 week swing
Reply
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