Bullish Possibility on FRGI--Educational Purposes Only, not Trading Advice --
Seeing as today's candle had long wicks, I decided to investigate whether there might be a reversal on FRGI.
The Volatility on FRGI has stopped increasing so fast today, similar to 26 Nov '21, 29 Dec '21, and 19 Jan '22.
This leads me to believe that there is a possibility for a reversal if the Volatility doesn't start increasing as fast as last week.
In addition, a candle must open higher than the MA for there to be a reversal. It seems that the MA is a strong resistance on this graph.
So, if a candle opens above the MA, the Volatility continues to stop increasing, and we see more long wicks, there is a good chance that FRGI might start to increase.
Let me know your thoughts! Thanks for reading!
FRGI
FRGI - Speculative breakout Long from $20.07 to $27.24
* Trade Criteria *
Date First Found- December 5, 2017
Pattern/Why- Speculative breakout trade
Entry Target Criteria- Break of $20.07
Exit Target Criteria- $27.24
Stop Loss Criteria- $18.43
Indicator Notes- Very strong Twiggs moneyflow index
Special Note- Lots of insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FRGI- Long from 22.73 FRGI seems reversing upward. It crossed above recent down trend & EMA lines. Break above 22.73 will be long entry confirmation.
FRGI- Busted Uptrend Now In A Snapback Rally To? Resistance?3-30 Another name that's broken it uptrend to the downside.
Now? Its all about a snap back rally bear channel to form
when it comes to shorting this issue and not until. We've
got some Fibonacci retracement zones to help guide us and
some overhead supply in the $64 zone. Lets see what it
looks like when and IF we get there.
These are not recommendations,
Trade at YOUR own risk,
strictly for educational and
informational purposes only.
