Looking for a repeat of the last play I made here, with purchases at or around $0.24 CAD and selling back out at around $0.37 CAD, netting profits of approximately +54%. YMMV.
This is a funny wave count. I will be perplexed if this is correct. This is what I want to see with a small percentage of being right.... Or it will continue lower...
Entered the trade as it moved above the long term trend line and the moving averages.
The TSX indicie is bouncing off support levels, and FLT is showing good signs on the MACD, going above averages and today has higher than usual volume.
I am hoping for a continuation of these conditions into next week.
No stop loss set for now, I am monitoring so I want it...
From a technical perspective.
It has been on quiet a significant down trend that started in February 2021.
It has three levels of support outlines
.90 (failed)
.79 (to be determined)
.60 (to be determined)
Average trading volume.
The TSX has been on a Decline that started September 6th. However, FLT has really under performed the market as it has been on...
$FLT has been following Elliott wave theory perfectly since the upward break from the descending channel (blue). In Elliott wave theory there are 5 waves, Wave 1,3 and 5 are ascending (pumps) and wave 2 and 4 and descending (dumps). With each Elliott wave (1-5) there is a complete sub-Elliott wave 1-5 followed by an ABC correction. The first wave has already...
With multiple patents and permits being acquired recently by FLT there's clearly strong growth from a business standpoint. From a chart / technical standpoint, we seem to be bottoming out from the last drop. We've set a higher low, a positive sign for a bullish case, now the only question is whether a higher high will be printed. On a lower time frame, a break of...
$FLT.V $TAKOF is tightening up and having buyers step in recently. Still needs to do some work with volume and price but this could present a swing trade up to the mean with respect to LR. $1.65 Profit Target. I do not have a position in this security.
Please do your own DD and follow your trading rules.
Cheers,
Luke
Hi all,
Drone Delivery Canada Corporation is looking to break out of a long-term rising wedge after a sharp pullback.
Positives:
- Uptrend still intact
- Potential rising wedge breakout
- MACD looking to crossover to bullish
- RSI has improved
Look out for:
1. A close above the wedge
2. A close above the 20-day MA
3. MACD to continue bullish crossover
4. Volume...
- FLT has not been the subject of short seller reports
- FLT is doing quiet well compared to competition in terms of their research and advancement.
- The Doji is a good sign, and it has since been followed by a good day.
We may see a reversal although this would be ruined if the markets keep moving in a choppy way.
I am going to look at it on Monday and...
It has come to my attention that Flt also known as TAKOFF for my fellow friends in America that it is going on to a Wedge Reversal pattern which brought to my attention that this stock might just hit $5 within the next couple weeks, and what really makes me believe this pattern is that Many trusted websites are saying this stock is under valued. I believe this...
