Text me if you have any questions/comments for me.
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FLT
- Previous written analysis was done on 26 Aug (red arrow) -> suggested waiting for a retracement and successful rebound
- Since then, the stock went up almost 50% and have retraced back to the $20 psychological support (orange line)
- A successful rebound from here would prove that there is continued optimism for the stock
- A successful rebound look to be at 21.50 levels
- If the $20 support level breaks, the next strong support will be at $18 levels (blue line)
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
-----
FLT
- Previous written analysis was done on 26 Aug (red arrow) -> suggested waiting for a retracement and successful rebound
- Since then, the stock went up almost 50% and have retraced back to the $20 psychological support (orange line)
- A successful rebound from here would prove that there is continued optimism for the stock
- A successful rebound look to be at 21.50 levels
- If the $20 support level breaks, the next strong support will be at $18 levels (blue line)
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave