DanielMatthew

FPH Horizontal S/R trending at support

Long
NYSE:FPH   Five Point Holdings, LLC
FPH seems to have a very classical horizontal trendline pattern. I published my idea a few days ago and has been bouncing very slowly. I believe if you wish to play this stock long position, you should wait for a "confirmation" of a reversals.

A confirmation of a reversal in MY OPINION is to wait for a candlestick to bounce above the EMA (white).. I've had good trades playing this very simple strategy! Please comment on what are your thoughts :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.