Title says it all - this could be epic . This is a trade for professionals ONLY and even then do your own DD. This one could take a while before it collapses in a VERY BIG WAY. #trading #stocks #fintech
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Weekly Chart Looks BULLISH
NEW 52-WEEK HIGH AROUND THE CORNER!
Position: 5000 SHARES
ABOUT THE COMPANY
FLEETCOR Technologies, Inc provides fuel cards and workforce payment products and services.
Their customers include businesses, commercial fleets, oil companies, petroleum marketers and government in America, Netherlands, Belgium, Germany,...
FLT broke down from a rising wedge, consolidated in pennant formation and now seems breaking down from the pennant. It is showing strong downward momentum as it crossed down all the moving average & down volume increased huge. Overall it looks a decent short with good risk-reward ratio.
Entry Target Criteria- Break of $140.71 or rally to 146...
@IBDInvestors $FLT is a real study in following fundamentals or changing your time-frame. I am posting all of the IBD50 names in the sixty minute. This is to encourage having the most informative time-frames at the ready. Sincerely, Beauty. PS Make sure to mention TradingView to people you know that have an interest in understanding the global markets. This...