claystation4
Long

FSI Long on breakout signal

AMEX:FSI   FLEXIBLE SOLUTIONS INTL INC
22 1 2
Long FSI             as price is now confirming a breakout toward the close today. A close above the 1.80 long term resistance level on heavy volume is foundationally bullish . I am looking for support on the upward trending channel in the case of a retracement and will place a stop at 1.65. The next level of resistance is above 2.60 and I look at this area as a safe place to take profit. A RR of 70/25 makes this an attractive buy. If you follow my 10000 USD base account recommendations I advise a long position of 500 shares.
I have closed this position at 2.00 as of 9/13/16.
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