RSI reset, bull flag into support without a divergence.
Placing order around MA cross on the 15m. Daily, MACD and RSI looking bullish too.
Fulgent Genetics NASDAQ:FLGT After some consolidation, Its ready to fire again..
I am already long FLGT. Most analyst, like me are very bullish on this stock. Now is a great risk/return entry point.
FLGT is one of my favorite stock for long term holding with very strong fundamentals. Sold some $90.00 Naked Puts as price rejects to break 0.618 level on 4 hour chart. Also 4 hour trendline broke with RSI at 46. For the scalpers/short term traders the first target should be 0.50 level. Please hit like, if you agree. Thanks
We see at points 123 that after every hot drop, we experience a bullish momentum. This is caused by the big boys who are waiting for a dip to get in. Now at point 4, we see a nice dip. I want to join the big boys and buy this one. Comment what you think below. Don't forget to click the like if you do. Thank you.
What a day, huh? The markets responded positively to the Inauguration but FLGT fell about 10% (13% but it then recovered some). Seems like it is time for a pause for this stock after a long and healthy rally. TECHNICALS Weekly There is bearish divergence between price and rsi (also on the daily, obviously). We can see that FLGT has been riding the 14/21emas...
Broke out of ascending Triangle & supported on 59.92. Might be looking to break back out of previous ATH
Price about to break the ascending triangle. 3 scenarios: 1. Break imminent 2. More range bound within the triangle and then break 3. Fail My targets for 1 and 2 are 75 (the triangle target) and then 100 (Fibo extension). Trade safe.
+ $FLGT pending Emergency Use for its Home COVID Test kit + COVID hospitalization and death at all time high + COVID expected to continue to surge through Jan-Feb + people reluctant to leave the house especially to hospital/COVID test loc. in fear of COVID + older people may have hard time leaving the house + more frequent tests needed for high risk jobs + short...
Fulgent Genetics #FLGT specialised on genetic tests and now making tons of money on COVID-19 ones. They have also equipped hospitals with IT software for tests data processing. Even with vaccines tests will be required for months ahead therefore #FLGT may have some more space to grow. First target $65, then $80
Can you see why I love this chart? Still the far end is a little too loose for me. But I could make an exception and just have a bit of a wider stop or zoom in to a lower time frame. I dont really have any more room in my portfolio for another position, maybe ill have to dump something that is underperforming. We will see, no rush.
FLDM looking for a break of trendline as PCR testing at all time highs according to labs across U.S and turkey holiday coming