no position, looks interesting .. overshoot and then down ?
see notes below-indicators good
Look at that candle and the volume , these are a bunch of angry people at 25 $.. i am going to stay out of this for a while.
The volume is very high as momentum builds to punch through near term resistance at around 20.59.
If it clears 20.50 with volume over 400,000 then could go to 23.
I wouldn't be surprised to see this hit around 20.50 tomorrow or the next day as there isn't very much resistance here. Because of the thin resistance above that, I could see it hit 22.64 right around the 50MA.
$FGEN looks to have a good chance of breaking out. Strong insider buying, along with the dbl bottom earlier in the month, and very thin resistance makes this one look like low hanging fruit with possible huge upside. 1st target 20.48 2nd target 23.25 3rd target 27.32
Showing some major upside as dbl bottom formed earlier with major increases in volume from before May. There isn't a lot of resistance here and could easily hit 23. I don't show it on this chart, but what's really exciting about this one is it has the potential to get up to 26 or even 28 in a hurry. There just isn't much resistance over head.