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TOPIC: FRES - 123 and down trend line break

FRES - 123 and down trend line break 29 Nov 2015 12:13 #1

  • Trendfriend
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Fresweekly26-nov-16.PNG

Monkeyz is absolutely correct, must wait here for 1,2,3 low breakout imho..
The weekly chart shows the trendlines, are not really relevant anymore imho.... which trendline could you use??
you could argue this broke the main trendline some time back... sometimes stocks in bear trends, just move sideways on trendline breaks... ;)

fres29-nov-15.PNG

The daily shows some signs of bulls coming back here, is that a new up trend channel??
its above the moving ave's...
before taking a position, Wait for the 1,2,3 low breakout as proof bulls are back imho... ;) especailly seeing the sector's still getting dumped...

Regards,
Trendfriend.
Last Edit: 29 Nov 2015 12:15 by Trendfriend.
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FRES - 123 and down trend line break 29 Nov 2015 11:08 #2

  • Monkeyz
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Would go safety first and wait for a break of those recent highs myself. Target wise then whatever R:R ratio you normally use or those highs around 900 or 1000p would be my target.
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FRES - 123 and down trend line break 26 Nov 2015 11:39 #3

  • abudawud
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Hi Guys,

Can you give me your opinion on this please. See chart below for FRES.

Approaching a down trend line on the daily and a potential 123 low at the same time a little further up. Any comments on this chart and also advice on what would be best time to take the trade, On break of down trend resistance or break of 123. It could be a powerful move up if it breaks both. How would I determine my target price to exit?

Thanks


FRES.JPG
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