Bollinger bands are still very wide-indicating a volatile market.
MACD histogram is showing an upward slope towards 0 indicating a future recovery. Waiting on the MACD and signal lines to cross within the next couple weeks.
Today's candlestick was a doji, signaling indecision, preceded by two inverted hammers. Today's doji may be a sign of reversal.
FPRX is forming a nice fallen angel pattern. It had a huge decline, and now getting some upward momentum. For entry we are looking for a break above its SMA50.
* Trade Criteria *
Date First Found- April 24, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $34.31
Exit Target Criteria- $39.23
Stop Loss Criteria- $31.73
Please check back for...
FPRX has seen above average volume and has a potential breakout point of $48.14. If markets continue to make new high, look for FPRX to breakout.
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Narrow range sideway movements from past 7 days-ish
5ema piercing through a very strong bar today
Breakout signal today!
NR3 + NR7 last week on the weekly chart
Breakout signal from the weekly chart as well
Support from rising 5ema from weekly chart