FTR has formed a nice bottom and can be a good short term play. It is currently trading in the middle of a channel so would wait for it to either pull back and then enter the trade. However, short term it looks like a continuation pattern and if entering at this level it could push up to the 3.00 level for a nice 0.50 profit. Remember to cut losses if the trade...
Before the trade
It is sunday I am ok
the price will bounce from the lower resistance line and go up
After the trade
targets was set accorditng to map topology
that you should set targets as you see it
Trade was set accorditn to rules and set out fine. Maybe you should set targests a few tickers lower.
things to notice
- multiple peak volumes
- higher lows- classic sign of accumulation
- extremely negative recent earnings report -1200% and price dipped for a day followed by a rally
selling could be over-
extremely high R:R
FTR looks very good as long as it continuing upward after its earnings report. Twiggs money flow showing its upward strength. It also went through the entry criteria we discussed on last trading room discussion.
* Trade Criteria *
Date First Found- May 3, 2018
Pattern/Why- Upward momentum Long setup
Entry Criteria- pull back to $10.27, or a break through...
Frontier Communications Corporation (NASDAQ: FTR)
Barclays analyst Amir Rozwadowski maintained a Sell rating on Frontier Communications Corporation (NASDAQ: FTR) yesterday and set a price target of $8.50. The company’s shares opened today at $10.33.
According to TipRanks.com, Rozwadowski is a 5-star analyst with an average return of 16.8% and a 65.2% success...
FTR looks very good at current level as it has really good money flow index. We think it will continue upward from here.
* Trade Criteria *
Date First Found- April 12, 2018
Pattern/Why- Breakout Long, Fallen angel pattern
Entry Criteria- From current price ($8.82)
Exit Criteria- Momentum
Stop Loss Criteria- $7.93
Indicator Notes- Really good twiggs money...
I write an Update of FTR because we have left the Fork of my Last Update. The FTR Price fluctuated at the UMH for some days. Then it broke and we made new lows.
The Situation now is not very clear. Since we have new Lows generated we have to accept in worst case a new low again.
But Friday late, something strange has happend. Very high Volume has occured by...