YonatanBren
Long

FMSA - Big Cup and Handle - Descending Triangle H&S

NYSE:FMSA   FAIRMOUNT SANTROL HOLDINGS INC
47 0 1
NYSE:FMSA             Weekly chart shows a big trend change Cup and Handle formation dating since may - possibility to test previous old highs marked up in purple

Daily & 15 min chart starts to show Head and shoulders formation at Descending Triangle - Bounce off the 50% Fib level at previous strong resistance / support line.

Potential buy when bounces off that level -

Am i a dreamer?

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Trade active: Nice double bottom formation after H&S breakdown -

If this proves to be valid, long on the neck line for the breakout

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Trade active: Bulls are on the rage

Potential reversal here - Piercing candlestick with nice relative volume
Comment:
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Trade active: Beautiful breakout as planned...

Got in shortly before the neckline cross - careless of me but it workout well this time -

Nice volume on the breakout - RSI is on spot , waiting for the cloud to slice to add to position

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