LeLaf

FM.CA: Ascending Triangle, Not confirmed (45.67%)(8/1000)

Long
TSX:FM   FIRST QUANTUM MINERALS
(8/1000)
Ascending Triangle for FM on the Canadian exchange.
Not Confirmed yet.

Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and climbing
6- 50MA above 200MA
7- 200MA ascending.
8- Golden cross circled in blue

Cons:

1- ATR is descending, less volatile
2- Triangle not confirmed yet
3- RS below 0 but just a tiny bit
4- 50MA flat

Target price is 51.45$.

Again, stay humble, have fun, make money!

MAAX!
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