FSI Long on breakout signal

٣١ أغسطس ٢٠١٦

Long FSI as price is now confirming a breakout toward the close today. A close above the 1.80 long term resistance level on heavy volume is foundationally bullish. I am looking for support on the upward trending channel in the case of a retracement and will place a stop at 1.65. The next level of resistance is above 2.60 and I look at this area as a safe place to take profit. A RR of 70/25 makes this an attractive buy. If you follow my 10000 USD base account recommendations I advise a long position of 500 shares.