$FRSH Breaking Out of Downtrend?

FRSH I like this chart except for a declining 50 day moving average (red) and it has yet to put in a higher low. The positives are a rising 40-week MA (white) price has moved over the shorter-term Mas. It looks to be breaking out over the downtrend line. I like how I can define my risk if I am wrong.

I have started a ¼ size position and I will look to add if / when it moves over the near horizontal trendline. I will place my stop on a close below the 40-week MA.

Commento:

This one's having a hard time with the market fading. If it cannot hold the morning low going into the close, I will likely sell out and put it back on the watchlist. TBD.

Commento:

I did not sell out on Nov 15 and still hold the same 1/4 size position. It now looks like FRSH is getting ready to break above a small flat base. If it can do that and hold today I will be looking to add. It looks to me that it is getting ready for a nice move higher. All TBD.

Commento:

FRSH is looking nice this morning. If it can hold these gains into the end of day I'll bring this up to a 1/2 sized position.