This is a WEEKLY chart of FTR. You are looking at about 7 years of history... FTR just recently bought some assets from Verizon. I would say the stock ran up on the purchase and now it is falling back to the uptrend line that started back in early 2014. Is FTR a good investment candidate at this point in time? Let's look at the best part of the chart first. ...
"WHY YOU SHOULDNT BE WORRIED ABOUT ANOTHER RECESSION, AND WHY YOU SHOULD BE DUMPING YOUR MONEY INTO THE STOCK MARKET RIGHT NOW" "INVEST IN AMERICAN INDICIES, SLEEP FOR 20 YEARS, AND WAKE UP RICH" @YUNGFINANCE
Here is a land of imagination, hopes and dreams. Magic and make-believe are reborn and fairy tales come true. Fantasyland is dedicated to the young at heart, to those who believe that when you wish upon a star your dreams do come true. Each Fantasyland has several gentle rides.* Using the RSI (Relative Strength Index) indicator with a 12 week period (equal to...
Everything explained on chart :) We have more possibility for short then long. Keep it simple!
Everything is on the chart! Keep it simple :)
My honest opinion is that one of the major mistakes globaly is that traders counter trend immidiately once price hits PRZ. Even with DT or DB you need some sort of comformation, at least break of DT/DB and wait for price to retrace back to the V bottom of DT structure or A top of DB. I found out that the best way to get comformation that trade has really changed...
Reasons for entry : - two big FR 23.6 and 38.2 - Strong structure Stop loss : - Below previous swing low (HL) Take profit : - 127.2% FE of the move - ABCD pattern complete at the same level - Major strong structure