FBC- Flag formation Long from Current price to $31.77

FBC forming a flag formation & seems ready to break upward. It rallied up, broke the over head resistance and formed a flag formation. Now its ready to breakout.

* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Current price ($28.54)
Exit Target Criteria- $31.77
Stop Loss Criteria- $27.47

Please check back for Trade updates. (Note: Trade update is little delayed here.)

تم فتح الصفقة:

February 17th- We considered a position in the morning as we discussed to Long from current price. It pulled back to MA resistance and closed strong. This is looking good.

تعليق:

March 6th - flag is breaking down, likely to stop out although it closed strong

تعليق:

March 13th - Went up & tested MA20. but could not hold to it and closed bearish. Wait & see situation.