FingerPrint Cards has just now broken through the 21-period EMA, which shows a nice bull-strength. Compared to MACD which also rises in the same tempo as the price, but let's wait for the volume too. I would still wait for more confirmation. Properly if the buyers/bulls show strength and they can push the price up to 15.030. I would differently consider it as a...
I love the swing in this stock. I swings quite a lot, so there is tons of money to make of it. I think we will being heading back up to test 75, if it breaks, then look out 95.
I will set my stop loss close to the asking price since big drops have accrued.
Fingerprint Cards (FING-B) has in a long time followed the trend-wave. If the price has enough momentum to trade up and over the EMA 21-period and have a closing candle above the EMA.
A long position in the price of 15.000 and a S/L beneath the EMA. If the price can move up over the EMA, the bull-buyers will have enough strength to raise the price.
The main focus is as the comment describes:
"Testing weak support for the fourth month in a short period of time,
if it breaks I expect a move down to around ~ 260."
The second most important thing to be looking at is that it never really recovered from december lows, while the rest of the market went mooning to new heights.
Entering half of my intended...
Looks like we have a classic cup and handle formed.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the...