FMSA- If you read my posts-I am a fan of EMAs. The 9 is above the 20 above the 50 and above the 200= bullish. FMSA is angling up and is nearing a resistance line as drawn on the map. A break thru this line will be considered bullish and price should shoot up. Also, price is sitting on the EMA(9), so its like the EMA Is squeezing the price thru the resistance line.
Comment:
Furthermore, if you look at the 9,20 , 50 and 200 EMAs, they are all close to each other- each EMA serves as a support for the price- as they are all so close, there is really strong support pushing the stock up. also, the target price is $5.85 which is above the resistance line. By just reaching its target price, the stock will have broken the resistance line and it may keep going till $6. your thoughts?