FPH Long Trade Setup (30-Min Chart) !๐ ๐๐ฅ
๐ Stock: FPH (NYSE)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ
Entry: $6.41 (Breakout Confirmation)
โ Stop-Loss (SL): $6.08 (Below key support for risk management)
๐ฏ Target 1: $6.81 (First Resistance Level)
๐ Target 2: $7.22 (Major Resistance Level โ Moon Shot! ๐)
๐น Risk-Reward Ratio: Strongly favorable ๐
๐น Momentum: Uptrend continuation with breakout confirmation ๐
๐น Pattern: Rising wedge breakout
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Ensure strong buying volume supports the breakout.
๐ Trailing Stop Strategy: If price reaches $6.81, consider moving SL to breakeven ($6.41) or higher.
๐ฐ Partial Profit Booking: Take some profits at Target 1 and let the rest ride towards Target 2.
โ ๏ธ Watch for Retest: If price retests $6.41 and holds, it confirms continued momentum.
๐ Final Thoughts:
โ
Bullish Chart Setup โ Ideal breakout conditions.
โ
Strong Volume & Trend โ Key factors for continuation.
โ
Disciplined Risk Management โ Maintain SL for protection.
Plan Your Trade & Trade Your Plan! ๐๐ฐ
Let me know if you need any modifications! ๐๐
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FPH trade ideas
RiskMastery's Breakout Stocks - FPH EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NYSE:FPH ...
I believe this code is at a point of potential volatility.
If price can hold above $3.16 ... Bullish potential may be unlocked.
My key upside targets include:
- $3.61 (Conservative)
- $4.01 (Medium)
- $4.45 (Aggressive)
If however price falls below $2.73 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
Head and shoulders topFive Point Holdings, LLC
Technical Pattern: Head and Shoulders Top
Outlook:Bearish
Mid Term Target:5.39
Current Price:6.56
Idea Generated at:Mar 3, 2021
This stock has formed a pattern called Head and Shoulders Top, providing a target price for the intermediate-term in the range of 5.55 to 5.70.
FPH $7+ Pre Earnings FPH with textbook ascending channel.
Traders could open a long position when a stock's price reaches the ascending channelโs middle trend line and exit the trade when price nears the upper channel line.
Enter trade around $6.55 and looking for a move back up to analyst's $7 or pre Rona highs of $8.50
FPH Horizontal S/R trending at supportFPH seems to have a very classical horizontal trendline pattern. I published my idea a few days ago and has been bouncing very slowly. I believe if you wish to play this stock long position, you should wait for a "confirmation" of a reversals.
A confirmation of a reversal in MY OPINION is to wait for a candlestick to bounce above the EMA (white).. I've had good trades playing this very simple strategy! Please comment on what are your thoughts :)