FTM channel to channel

FTM broke out of the descending channel to this horizontal I have marked. In order for me to get bullish short-term a retake of the real line is needed. The stochastic RSI has been expanding to the upside which is bullish. A possible third wave to the upside could occur.

My short-term target is 42 cents, if we bounce from there we could get back to momentum trend.