FOUR daily -possible long after the breakout
THE CONSISTENT TRADES analyze FOUR as a bullish /strong fundamental stock and therefore would be traded only in a long position.
FOUR after a strong move up it found resistance at 66 even dollar amount. Now it is consolidating around 64 dollars. A break out of tringle would be a bullish and fast move.
Volume is strong and Friday's move indicates the price wants to move higher.
Price is above all major MA which is bullish.
RSI did cool down after overbought territory and could be ready for a further move up.
MACD also cools down and it needs to stay above the zero line.
Overall: FOUR could have a strong breakout of this consolidating level after the breakout of the blue dotted trend line. If consolidation continued it needs to stay on lower volume for indication of a sooner healthy move up.
FOUR after a strong move up it found resistance at 66 even dollar amount. Now it is consolidating around 64 dollars. A break out of tringle would be a bullish and fast move.
Volume is strong and Friday's move indicates the price wants to move higher.
Price is above all major MA which is bullish.
RSI did cool down after overbought territory and could be ready for a further move up.
MACD also cools down and it needs to stay above the zero line.
Overall: FOUR could have a strong breakout of this consolidating level after the breakout of the blue dotted trend line. If consolidation continued it needs to stay on lower volume for indication of a sooner healthy move up.
Consistency is the key of success....