NASDAQ:FAST
Hello, traders.
It's time to show you the shares of FASTENAL Co., a member of the S&P500 index. And that's why.
What's on the chart:
1. Since March, the paper has grown by more than 70%.
2. On the chart clearly visible correction waves, but the paper was not allowed into the short zones, so as not to launch a wave of sales.
If you look...
Earnings intraday trading strategy signal.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies.
Today the company announced it had beat sales (1.509B, est. 1.47B) and EPS (0.42, est. 0.36) estimates.
I suppose many traders will close their short positions today due to the good earnings...
$FAST is now quite attractively valued and has been outperforming the spy as shown by the yellow fast/spy ratio. Looks like a good support zone down to about $25. Once the market reverses should see strong outperformance. $FAST is another company with a very strong balance sheet with little debt and is consistently profitable.
Basiclly publishing a strong trend and having in mind that we dont have to lose hl .
fastenal cuidando de no perder los minimos anteriores una accion muy fuerte
Hey people, FASTENAL is in a bullish configuration, it seems to want to go on its resistance the question is how it will break its call price.
Please LIKE & FOLLOW, thank you!
Retesting to the previous all time high back in 2/20. Looks like it could possibly continue the upward trend tot he all time high. There is some support between 38 and 37.
An ideal entry would be passing 39.00
I am already in the trade, I entered @ 38.89
NASDAQ:FAST
FAST - Re accumulation
Weekly Chart for Follow up
Daily look it will consolidate for short term but it looks that its starting to Fuel up and waiting for Entry point and to Join
Good luck
Buyers made a long legged doji on weekly that was at demand in an uptrend.now buyers coming into market for continuation to upside to next level of supply
Just making this update on my previous cart i link below.
Yesterday it broke the 38,02 support and ended at 38,34 - so here was my "buy pos"
but i cancelled it becouse it didnt go further thwn it did , this was a good call, for this morning the Corona Virus came with more bad newa
and that can have impact on the stock market - just looked at the pre-market and...
