FRT - pulllback below b.o and weakest in group
1. Price & Vol:
- B.o w big vol small triangle pattern.
- Price still in Stage 1.
2. RS:
- Distribution group is strong today due to sales increasing in quarantine period in HCM.
3. MA:
- Price over KMAs.
4. FA:
- Earnings & sales strong growth this quarter might be the catalyst for the whole group.
5. Trade plan:
- T5 close if price could not hold through 29.4
- Take 1/2 profit if gain 20% and move tight stop around 21MA.
Close: FRT show weakest in compare to DGW and MWG and T3 pullback to b.o point
- B.o w big vol small triangle pattern.
- Price still in Stage 1.
2. RS:
- Distribution group is strong today due to sales increasing in quarantine period in HCM.
3. MA:
- Price over KMAs.
4. FA:
- Earnings & sales strong growth this quarter might be the catalyst for the whole group.
5. Trade plan:
- T5 close if price could not hold through 29.4
- Take 1/2 profit if gain 20% and move tight stop around 21MA.
Close: FRT show weakest in compare to DGW and MWG and T3 pullback to b.o point