FL 9/14/2022

Aggiornato

FL
Daily chart analysis

FL has been in a downtrend for quite some time now.
It has now pulled back to the downtrend line it has created. This area will be considered an area of value.
We have stochastic reading just coming down from overbought
We also have the MACD just crossing under its signal.

Downtrend + Overbought stochastic + Pullback to area of value = Short trade entry

Entering trade short

Entry: 37.53
Stop loss: 41.92(-11.70%)
Target: 24.76, +34.03%, 2.91 RR ratio
Trade chiuso: stop raggiunto
OscillatorsSupport and ResistanceTrend Analysis

Declinazione di responsabilità