butcher42

FLT - Reversal, Head & Shoulders, Breakout!!

Alış
TSXV:FLT   DRONE DELIVERY CANADA CORP


2 criterias for breakouts with FLT-C :
- Break a minor downtrend
- Be above 50MA

With these criterias, it worked 4 out of 4 times. Each time it grew at least +25%.

We're at 0.66
The 50MA is at 0.69.
We just broke the minor downtrend.
We're sitting on the uptrend.

We just formed a head & shoulders short-term.
There is a larger head & shoulders under construction which will be confirmed if we reach 0.88$ for a longer play.
Also, on the weekly chart, there isa hidden bullish divergence with Stoch/Price.

Beware of the downtrend line from 2 years back!

Stoploss should be at 0.58

Happy trading!
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.