FCEPL 82.65 and 94.51 are key levels for its flightThese both are key levels for its journey to above level of 100.
Note: This is not a buy or sell call.
FCEPL trade ideas
FCEPLWeekly Support Retest
Bullish Divergence
Aiming for recent Highs
BUY above 68 upon closing
Final Target 107
FCEPL is BullishPrice was in a strong downtrend, however a matured bullish divergence led to the break of previous lower high, the bullish notion was further affirmed by the printing of a higher low. If bulls maintain pressure then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
LongBeautifully taking Support from Monthly Trendline.
However, H&S Pattern is also formed on Weekly TF;
which is actually a reversal pattern.
But there is a Double Bullish Divergence on
Daily TF which is actually a Positive Trigger.
