2021-11-19
Markets are mixed, possibly turning bearish (near all time highs)
FBIO has underperformed the market
FBIO is presently in a bullish channel
Bottom of channel has been tested 3x
Expected to continue trading within bullish channel upwards.
This is a technical trade. Hoping to touch my target for a sell. If this turns bullish and runs, will hold. No upcoming events to be concerned about.
Avg price: 3.09
profit taker = 3.54
loss = 2.94
I entered the trade hoping that this stock will stay inside the channel and not fall below.
Markets are mixed, possibly turning bearish (near all time highs)
FBIO has underperformed the market
FBIO is presently in a bullish channel
Bottom of channel has been tested 3x
Expected to continue trading within bullish channel upwards.
This is a technical trade. Hoping to touch my target for a sell. If this turns bullish and runs, will hold. No upcoming events to be concerned about.
Avg price: 3.09
profit taker = 3.54
loss = 2.94
I entered the trade hoping that this stock will stay inside the channel and not fall below.
Note
Stop loss triggered Market is really hard on growth stocks atm and is rewarding the tech giants which are setting new highs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.