LeBelleChart

$FLT.V Drone Delivery Canada Watchlist - needs Vol to confirm

TSXV:FLT   DRONE DELIVERY CANADA CORP
$FLT.V $TAKOF is tightening up and having buyers step in recently. Still needs to do some work with volume and price but this could present a swing trade up to the mean with respect to LR . $1.65 Profit Target. I do not have a position in this security.

Please do your own DD and follow your trading rules.

Cheers,
Luke

Comments

Hey Luke would love an update on this one!
+1 Reply
LeBelleChart Dan902839
@Dan902839, Hey Dan, I have been continuing to watch this one, it broke the wrong way unfortunately. Still a very speculative play and its currently trading under the 10 day ema. Looks like it wants to capitulate imo. selling has picked up the past couple days. I would keep an eye out for a drop to 1.08-1.06 if you are looking to take a position.

The other side would be seeing some news come to the market to wake up buyers again.
+1 Reply