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Our Stock of the Day / FTI Short
TechnipFMC plc
Our Stock of the Day / FTI Short
By ThinkingAntsOk
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Oct 1, 2020
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Oct 1, 2020
Today we have a short setup on Stocks.
Main items we can see on the chart.
a)
The price is on huge lateral movement since March 2020
b)
We can see 2 key support levels on the lateral movement
c)
Currently, the price is on the edge of the inner support zone
d)
There, we can see a clear corrective structure (yellow lines)
e)
The next relevant level we can see is the based on the lateral movement that makes a convergence with the descending channel
f)
We have set our pending orders as you can see on the chart; we will move our stop into Break Even when the price reaches the yellow lines
Remember:
Trade Safe, protect your capital, and always understand what you are doing!
FTI
Multiple Time Frame Analysis
Stocks
stocksignals
Support and Resistance
swingtrading
Trend Analysis
ThinkingAntsOk
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