Flux is the new generation of scalable decentralized cloud infrastructure.
My trading Bias is Bullish for FLX as it has clearly placed a Double Bottom off the lows (Support), with a break and close above the Bearish Trendline coupled with slightly higher Volume. TP ~ $0.425 (Potential Gain 18%) Stoploss - $0.335 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Bollingers getting tight again as you can see. 3.80-4p support area hit and bounced off. Lots of upside in coming months in this penny stock.
5.72p next resistance where the 200ma lies. also 6.04 where 50% fibs line is. 9.84 is my Ultimate Sell target - Scale out from 7.45p
Buy signal at 3.82p circled. if 200ma broken and 50% fibs then the 127% fibs will be my first target which is also the resistance of May 2017 at around 9.84p also a gap to fill and RSI / CCI in a good bullish trend.
Target 6.69p Entry price: 4p - 4.30p #FLX #Falanx New Bod. New contracts & acquisitions. Options 100% higher then price. BoD own shares higher up. Last placing price was 4.5p. Sellers dried up and overhung possibly gone. Last RNS a huge buyer of 12% of the company.