TradingView
katblat
Mar 4, 2021 1:17 PM

$FTI - its time to make some moolah Long

TechnipFMC plcNYSE

Description

It is hard to find a ticker that will perform in a down market, but not impossible.
I use various tools to identify which way a sector is headed and what tickers have potential within a sector that may be doing better than the rest.

Using one of my tools i came across FTI and find the ATR is supportive, MACD and stochastic have done an about face with a golden cross on the horizon.
In addition to finding various stocks with potential, I use backward looking data to find cycles that may again produce some gains.
on FTI i find that if you purchased this stock on 12/31/2020 and sold on 1/14/2021 the return would be 25.4%.
The short volume on 12/31 was 38% and rose to 48% on 1/14.
Today the short volume is at 48%, if this comes down over the next couple of days then this looks like a stock I may pick up, as the market continues its pull back
Comments
NxjaUNHaCucnyxaB
Check out FTI1 adjusted calls. This is a perfect way to play a great trade. For whatever reason, they keep getting sold very inexpensively (I think people aren't accounting for the 20 TE shares that are also part of the deliverable). In several cases, I've been able to pick up these calls below or at the current price for the deliverable.
More