HaseebKhan_90

FSV breaking out of consolidation

Long
NASDAQ:FSV   FirstService Corporation
* Good earnings quarter over quarter
* Strong and steady up trend
* Broke out of a 2 month consolidation with higher than average volume
* Pays dividends with a Payout ratio of 21.10% the company has a lot more room to grow

Trade Idea:
* Broke out of consolidation with higher than average volume
* Saw a tonne of selling pressure after the break but held the broken level as support
* This may end up consolidating for a bit before moving higher but $191.20 should hold as support
* Look for buying opportunities around the $191.20 area

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.