FAST trade ideas
FAST. SHORT IT TO THE GROUND! (FAST is the name...)Boy I hate using metrader on the phone. Well it's not that bad on the S9+. I just hate the autoscreen, same on TV it scales auto every time you open a new chart.
I don't know how high it could get before going down, if it goes down.
I feel bad taking advantage of investors losing money HAHAHAHA just kidding hope it falls hard, while it does I will try finding a few bagholder quotes for a good laugh.
Inb4 stop lossed in 30 minutes.
Survivor of the biggest point drop In History #2 (FAST)Five years and seven months took the price to break that key resistance line around 52.40
Now there are a pullback in progress to try to fulfill that the old Resistance becomes Support.
FastenalLooking to buy pullback to the base highlighted in yellow. Stock has been showing signs of
accumulation recently. Good risk/reward setup imo.
Entry: $50.39
Stop: $49.88
Target 1: $51.81
Target 2: >$53
Digging Thru Growth ProspectsHello Traders,
This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout.
Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the position size on shorter term consolidation breakouts.
Given the measured breakout of a flag pattern this potentially has the opportunity for a near 50% bump in the stock price. The minimum stock price increase I look for is 20%, anything less than that and I tend to move on from the trade. Keep in mind this is merely on my watchlist, and I never trade everything that goes on my watchlist.
Hope you enjoy my technical analysis on this stock. Cheers. =)
Strong breakout today on huge volumeThis caught my attention a few days before after breaking out from downtrend and today it broke to new highs on huge volume
Uptrend Coming soon Looks to be over sold and set up for a bullish event. However now in the waiting game to see how it plays out.
FAST is slowly decliningHaving just flashed a sell signal, FAST is about to hit the top of the trend channel. Earnings may finally be the catalyst for this next move down. If FAST holds to the trend, upon hitting resistance, the next stop could be below 39.00.
The safest bet is a drop to around 40.00 as this has been recent support. The triple stochastic indicator has been pretty accurate at finding changes in the stock and appears to be right on course with the most recent signal.
