This ticker is not looking good. A Head and shoulders pattern looks like it wants to play out. Huge volume by price desert with a gap to fill down around $176. Seems inevitable. Let's see if we get a neckline break this week.
13 ema crossed up over the 21 ema on the D TF Thursday June 1st.
price crossed the 200 ema on the 4hr TF with above average volume on June 2. Missed my entry, but still opportunity for retest of 200 ema and will enter a paper trade.
Will close on the 13/21 ema cross sloping down and price under 200 ema on 4hr TF with above average volume.
Okay, I'm a noob and hoping this will help me in my trading.
As you can see here, there is a bear flag forming on the 1hr on FL as well as what looks to be a double top on the daily.
NYSE:FL
Will go short if $38.54 resistance holds.
Looking for Puts 30+ days out.
TP1: $37.28
TP2: $36.50
TP3: $35.50
SL: $39
