ASX:FLT chart looks bullish at the moment with more inclination to the upside than the downside.
This is mainly due to the formation of a Cup and Handle chart type that played out when the stock broke above 18$. Also the stock weekly PSAR flipped to the bulls camp. To me it is not a bad idea to open a small position and keep your SL right below 18$.
I will keep you updated if any major change happens to this stock.
Not wrong. The breakout failed but with a 10% profit. You need to know the risk management. You dont buy blindly. In any case whoever bought at 18$ break with a SL a little bit below 18. Didnt have much loss. This is a probability game.