Ascending Triangle formed after a 3-month correction. Multiple new support confirmation over the past 4 days.
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual. We have a target price, however, I wouldn't be surprised if it would go above that.
- Target Entry...
FAST is approaching our first resistance at 61.40 (horizontal swing high resistance, 100% Fibonacci extension, ascending channel's resistance) where a strong drop might occur below this level pushing price down to our major support at 55.55 (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (895,,3) is also approaching resistance where we might...
