Pennant in FLGTFLGT setting up for another potential move higher. I'd target a break above the shaded area for an entry.
FLGT trade ideas
FLGT Bounced Off TrendlineFLGT
• Why enter? Bounced off trendline support and closing above the 5 EMA on the daily. Overall trend is up. Making higher lows and higher highs. Also had news about new cancer therapy.
• Entry: 13.87
• Stop loss: 13.56
• Profit target 1: 15.00
• Profit target 2: 16.00
Mean Reversion points based on OBV and RSI DivergenceJust looking back at a stock for a hindsight view on picking the best buy and sell times.
Note the OBV matches very well with the RSI, the short term trend reversal is confirmed with RSI bearish divergence and the retest of on the OBV downtrend line.
