FFIE in a rising channel breakout ( RIP FSR) LONG
Updated
FFIE is rising in a Keltner channel with a moving average channel superimposed. On this
15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the
morning onf April 8th with the continuation into April 9th. This is a volatile penny stock.
Long trades are taken when price crosses through the moving average channel especially
if there is a corresponding volume spike.
The exit when price touches or crosses the upper boundary of the Keltner channel. I
have added the ATR stop loss indicator to manage the stop loss and its advancement up as price
rises. The trend up is now 35% but could easily continue higher. I will take a long trade
here with about a 5% stop- loss targeting 0.1184 and 0.1234 as recent pivots to the left.
15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the
morning onf April 8th with the continuation into April 9th. This is a volatile penny stock.
Long trades are taken when price crosses through the moving average channel especially
if there is a corresponding volume spike.
The exit when price touches or crosses the upper boundary of the Keltner channel. I
have added the ATR stop loss indicator to manage the stop loss and its advancement up as price
rises. The trend up is now 35% but could easily continue higher. I will take a long trade
here with about a 5% stop- loss targeting 0.1184 and 0.1234 as recent pivots to the left.
Trade closed: target reached
Both targets reached. Trade closed. Deep pullback after that. I may re-enter with a portion of the profits.
Comment
Trade active
Comment
Decent move up today. Holding a patient full position.Disclaimer
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