FAST WEEKLYBuyers made a long legged doji on weekly that was at demand in an uptrend.now buyers coming into market for continuation to upside to next level of supply
0IKW trade ideas
Broke resistance BUT - might jump back under Just making this update on my previous cart i link below.
Yesterday it broke the 38,02 support and ended at 38,34 - so here was my "buy pos"
but i cancelled it becouse it didnt go further thwn it did , this was a good call, for this morning the Corona Virus came with more bad newa
and that can have impact on the stock market - just looked at the pre-market and so fare in down 0,85 % and that makes it jump under the resistance line again.
i have made this new pre-order
Open trade : 38.34
Set TP : 42.23
Set SL : 36.45
Risk/Reward : 2,06 / 9,45 % gain
This is NOT an investment advice , remember always to do your own reseach.
Fastenal possible inverse Head & Shoulders
Alert set for break above $38.50
Evaluate volume profile before entering any longs to confirm bullish break.
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looking for my buy signal Looking for my buy signal
Golden cross is made 19 Dec
Up trend since jan 2006
Holding the 50 MA / 200 MA
RSI is 50.50 after the small drop this friday.
High volume on the 18 okt 19 befor earnings.
Fundamental analyse :
Positive 3Q earnings
Went from +0,33 in 2018 to +0,37 in 2019
Link : s23.q4cdn.com
Fastenal is many things to many different customers: an expert consultant, a logistics company, a technology provider, and more generally, a distributor of wide-ranging industrial and construction products.
Disclamier :
im waiting for the break up of last resistance at 37.90 befor putting on a buy pos.
open trade : 38
Set TP : 42
Set SL : 35.80
Risk / Reward Ratio : 2,06
Maybe early to get in on FAST but upside will follow- FAST has found support on ER gap and previous high
- Likely to consolidate for a few days before we see a move to the upside
- Overall, trend is long and strong and sellers are exiting
- Look for a jump to $38
FAST Gaps to Previous HighHigh Frequency Traders triggered on FAST news, gapping the stock just slightly above the previous yearly high. The stock is in a slight run upward within the previous white candlestick body. The gains look to sustain.
Congrats to Subscribers! Fastenal up over 15%It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ).
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Fastenal hits all time highEntry level $36.40 = Price target $40 = Stop loss $35.80
Bullish earnings and a change in market sentiment has sent FAST to an new high, we see $40 as the next target.
$FAST Fastenal Jumps on Sales Beat Simply a buy and is on the way to all time high.
Yield 2.84%
P/E ratio 23.24
Short interest 6.94%
Company profile
Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.
FAST: Steep rise, overextended indicators = profit-taking riskFAST moved out of its sideways pattern and gapped, then ran up to a new all-time high. The stock is at risk of profit-taking due to the angle of ascent of the price action and the overextended technical indicator patterns.
FAST OverboughtOverbought before earnings, now it's just ridiculous. Expecting a pullback this week, April 18 puts are cheap though risky.
Small play.
Fast #FASTBreaking new highs
Over extended , expecting bigger retracement . Looking to go long if price drops to the origin of the move at around 55 dollars a share.
6 Years of consolidation giving wayI can't say I'm favorable on the broad market risk reward at these levels, but there are certainly some bright spots. Buyer stampede in this one after a respectable earnings report. To boot, potentially some infrastructure bill front running.
FAST approaching resistance, potential drop! FAST is approaching our first resistance at 61.40 (horizontal swing high resistance, 100% Fibonacci extension, ascending channel's resistance) where a strong drop might occur below this level pushing price down to our major support at 55.55 (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (895,,3) is also approaching resistance where we might see a corresponding drop in price.
FAST ShortShort based of channels and fibs
My Planned Entry: 61.24 (any entry above this is fine)
Stop Loss: 64.00
PT: 51.00 area
Risk/Reward: 1:3
Kangaroo tail on FASTWhile we wait for that huge head&shoulder to complete and go short, the right shoulder is giving us another nice signal with the formation of a kangaroo tail. Both the promise of the major pattern completion and the tail gives me enough confidence to open a trade at my standard risk %. This time I'm using channels to calibrate stop loss and take profit. SELL STOP @ 55.02, STOP LOSS @ 56.02, TAKE PROFIT @ 53.13
[FAST] Phase 3 -> phase 4Theoretically the share is in phase 3, but when the price break the support, it will be in phase 4. You see the price is below to 30MM and the 30MM is starting to had a negative slope. Don't buy!
FAST Earnings - BearishFAST, big gap up on the last ER. just touching the trend line, all the ma's pointing down. Earnings on Wed premarket. Looks bearish at the moment, can fill the gap to 50.
The sell volume on the last 2 days is 1.5 times the average, not a good sign before earnings.
Price increased only in the last ER out of last 5 ERs. Generally decline or no change within a day or two.
