about to make golden cross - next buying at 16.25

I am bullish on FLT, chart looks positive as about to make golden cross.

There is good support at $16.25 range, so don't think so that it's going to come down further.

Take profit at $19.10 range.

If it doesn't get support at $16.25 range then next support is at $13.50 zone.

I am pretty hopeful that FLT will continue moving upwards.

Note

Price rejected on the top. Expecting the pull back.

Note

Note

MACD Histogram has changed color and about to cross which is a sign that Bearish Momentum has shifted or diminishing and Bulls may take control and take price up.

Stochastic has crossed after moving down to Oversold levels, a sign that price may continue to the upside.

Note

FLT has pulled back lower and closed the gap now and is consolidating in the Buy Zone of $14.20 - $15.20, but has not yet shown any Bullish Price Action with High Volume. I am bullish FLT but I need to see some good Buliish Price Action coupled with High Volume to take a Buy Position.

Note

FLT had been consolidating in the Buy Zone of $14.20 - $15.20 and has even managed to close above the downtrend line but the Volume is very low. MACD has crossed too but now we need to see a follow through with High Volume or it could be a False Break Out (FBO). Lets see what it does in the next trading sessions.

AsimMirzaTrader

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AsimMirzaTrader

Also on:

Related publications

FLT - Bullish Trend Confirmation

by AsimMirzaTrader