Long
Fitbit Bullish Bat
On the news side of things Fitbit has decided to start shifting it’s supply chain resources to make emergency ventilators designed to treat coronavirus patients.
nationalheraldindia.com/amp/story/international/fitbit-to-build-ventilators-for-covid-19-patients
That’s what caught my eye to actually look at FIT. Upon looking at the charts I’ve found that FIT has also formed a Bullish Bat harmonic. There is also a nice gap that needs to be filled up around $12.60 from Nov. 3 2016. Current price of Fitbit while writing this is $6.46. Also on the 4 hr chart we can see a little bullish divergence on the RSI of course that could change but I’m playing this off the news and the BAT.
nationalheraldindia.com/amp/story/international/fitbit-to-build-ventilators-for-covid-19-patients
That’s what caught my eye to actually look at FIT. Upon looking at the charts I’ve found that FIT has also formed a Bullish Bat harmonic. There is also a nice gap that needs to be filled up around $12.60 from Nov. 3 2016. Current price of Fitbit while writing this is $6.46. Also on the 4 hr chart we can see a little bullish divergence on the RSI of course that could change but I’m playing this off the news and the BAT.
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