FSI Long on breakout signal
Long FSI as price is now confirming a breakout toward the close today. A close above the 1.80 long term resistance level on heavy volume is foundationally bullish. I am looking for support on the upward trending channel in the case of a retracement and will place a stop at 1.65. The next level of resistance is above 2.60 and I look at this area as a safe place to take profit. A RR of 70/25 makes this an attractive buy. If you follow my 10000 USD base account recommendations I advise a long position of 500 shares.
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.