Keep an eye on the global situation. This title is everithing about the global pandemic situation. FCT has outstanding fundamental, their current investment take FCT to lead its sector, if the global situation will overcome, on the chart will be reflected all the positive externalitive that are not be view on chart till now.
Italian shipbuilder Fincantier i FCT have delivered a higher revenue in the first quarter of 2018, mainly driven by the increase in the volumes of the cruise ships business. Their full year 2018 results are expected to be consistent with the 2018-2022 Business Plan targets. For 2018, the group confirms a growth in revenues of 3/6% and an EBITDA margin around...
First bottom at 0.603 on october 2014.
First top (top of the year 2015) 0.864 (0.144x6) in 26 weeks...
From bottom to top 0.261.
All time low at 0.261, a downtrend of 0.603 cents in 43 weeks (215 trading days or 144+72-1)
It seems FCT is in the completion phase of a Wave 5 on the Minor period and has also reached a critical resistance/trendline area and in my opinion, we are nearing the start of a corrective wave/pattern via an ABC wave. I've marked out major support area where I believe is most likely the area where we will see the first part of determining where price action...
Increased volumes are supporting a long white candle. I expect to see a nice breakout of the previous high at 0.97. Exponential moving averages are now aligned upwards, giving further confirmation to my trading idea. Suggested trade: LONG
