Long
FCAU - Channel 8ma Bounce with 20ma Break for Profit Potential
FCAU - January 5, 2019 - Trade Setup
Friday's gap break over the 8ma and a close
just under the 20ma at 15.09 sets up a
potential move to the 50ma at 15.81 and
a convergence of the 100ma at 16.40 and
upper trendline resistance with a break
over the 20ma on Monday. Entries should
look for confirmation of a green candle 20ma
break above 15.19 and a macd cross buy signal.
Friday's gap break over the 8ma and a close
just under the 20ma at 15.09 sets up a
potential move to the 50ma at 15.81 and
a convergence of the 100ma at 16.40 and
upper trendline resistance with a break
over the 20ma on Monday. Entries should
look for confirmation of a green candle 20ma
break above 15.19 and a macd cross buy signal.
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