The PEAD projected a Bullish outlook for $FTS after a Negative over reaction following its earnings release placing the stock in drift C.
The PEAD projected a Bullish outlook for $FTS after a positive over reaction following its earnings release placing the stock in drift B.
My position i bought Friday is in the green and stop moved right below that support line. I posted about why i bought this before the breakout on Friday (link below). I am expecting more upside tomorrow. Earnings on the 30th.
Bought some FTS on Friday. Interesting setup inside the rectangle pattern. price tested upper boudrey resistance and pull back into 4 support areas conversing. 20 EMA, 200 EMA and small daily gap on July 15th AND short term breakout pullback! Worth a shot. I normally wait for the breakout but this one is interesting to watch how it will play out.
Utilities were up 8% last week. That sector picked up steam and NYSE:FTS forming one of my favorite chart patterns #rectangle. Watching price action next week for a long entry.
Notes are on the chart.