FSM is in the middle of forming a doubled bottom to be completed once it crosses 5.76. Entry is looking at 5.80 - 5.90 with profit target of 6.52 and stop loss of 5.66.
NYSE:FSM
Shares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing ...
FSM seems reaching at a level where it couldn't make higher. However, Since June, FSM's volume are increased significantly. It indicates that some Momentum traders accumulated around here(6.00-6.20). This is a good bet to move higher with the smart money.
money flow rising -waiting for opening confirmation bar
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j hook pattern
relative strength good
macd crossed
cci and percent r in upper ranges
good pattern
above weekly cloud
+ FSM poised to re-test a recently broken resistance line.
+ Its current trajectory is set to meet the line where it intersects the lower pitchfork prong, amplifying the impact of a break-out.
+ If broken, consider its relationship with its 0.382 Fibonacci retracement level. A pull-back to previous highs from here is characteristic of a natural retracement ...
