Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 9, 2021 with a closing price of 39.20...
This pattern is a running flat Elliott correction wave. We don't use any indicators in our trading group. We use a combination of economics, Elliott wave, inter market, finance and fractals to comprehend market trends. We like to see markets patterns as impulse and corrections over and over again. Technical analysis need not be complicated but functional. Just...
Hello all again. This is swing with R>8. FLS has lagged behind the machinery industry trend over a 52 week horizon, but has outperformed since last 2 quarters. The daily chart shows the over delivery vs a major ETF encapsulating the major players. FLS has been recovering the covid crash, and found itself several support points, and a decent 4 month old channel,...
Flowserve had a good earnings which brought its profit margins way up. Stocks that are beaten down and can be bought for a "good value", like flowserve, are being bought up very quickly. This one in particular shows a strong bullish momentum - as seen by price action and technical indicators.
Hey guys, FLOWSERVE CORP is in a fake bearish push with low volume of sales made and a trace of buyers. On the TIMEFRAME M1 we can see a dash with a low purchase volume that is heading to breakout the range. Great possibility of a bullish facelift but for the moment not in this almost all with strong resistance. No breakout on the volume at this time (See...
FLS created an ascending triangle pattern with a nice upside target
horizontal lines are targets and dotted line are nearby resistance
stop at close below 30
Stock FLS seasonality starts to Buy date on January 31 and ends Sell date on April 14
Percent Profitable is 94.74% in 19 years and an average return of 10.23% per year
The chart is extremely bullish but so much so that it ran to far, to fast to be trading prior to earnings.
The stock has ran 18% in October alone, so maybe best to sit on the sidelines and wait foe a better entry level.
Yield at a low 1.5%
High 31.5 P/E ratio for industrial goods.
Company profile
Flowserve Corp. engages in the manufacture and provision of...
FSL – industrial goods
the major trend is up, a moving average 20 accompanies its movement
50 is a resistance level - a number of touches can be seen at this level on a monthly &weekly chart as well as on a daily chart.
the trading volume is currently not high, so the idea is to let the stock correct a little and follow the development of significant
volume...
