FET trade ideas

iklimbov

Hi guys, I am very new to trading. This is my first idea being published. Please tell me if it is wrong way of thinking. Forum Energy Technologies Inc (FET) (drilling, downhole, subsea, completions and production sectors of the energy industry) broke out above 200 MA in November and grew 100% since. It is currently at the resistance around 22.70. I am thinking...

mrtropicana Updated 

We are now at the apex of a large wedge forming on FET since June '20. Breakout spot is over 0.62. Wait for high relative volume + confirmation of breakout. Target 1: daily resistance at 0.72 Target 2: 200 ema on daily chart Target 3: $1.00 major resistance

TradingMula

Swing long Target $1

mattisbaseball

Watch for FET to keep going up till it reaches the 200 EMA then it will probably drop again.

madafakaa

Looks like there is a cup and handle formation coming up

DEXWireNews

Forum Energy Technologies, Inc. is a global oilfield products company. It operates through following segments: Drilling & Downhole; Completions; Production; and Corporate. The Drilling & Downhole segment designs and manufactures products; and provides related services to the drilling, energy subsea construction and services markets, and other markets. The...

aciriaco

If we look at the weekly volume, there is a huge spike this week. Think we have reached the long-term bottom.

DEXWireNews

Following the momentum in the sector.

Bullishcharts

Sector has momentum and has potential for further movement higher Friday. Stock is sitting below a pocket of limited resistance. A break above the 50ma would be positive. Forum Energy Technologies, Inc. is a global oilfield products company. It operates through following segments: Drilling & Downhole; Completions; Production; and Corporate. The Drilling &...

UnknownUnicorn6941191

Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...

mirimoghadam

As you can see in this chart, FET has broken the resistance line $1.45 and 2 daily candles over this resistance are closed. I am expecting to reach $1.80-1.95 soon.

mattisbaseball

GOING DOWN

kiwiktrader

Dip buy nice 5min chart here no consolidation so would assume a bounce also has short float % of 9 so my guess is this will go long in the afternoon however if it panics I will be looking to buy the bounce

karimgamal

Short bias , 3 monthly and monthly charts are down trending. Looking to go short at weekly supply zones in an all downtrend market. confluence with Monthly supply zone and descending trend line

JonFibonacci

Keep an eye on FET. This could potentially be a well-paying stock in the future. Daily Demand following the gap down. This could mean cheap shares for long-term holders. Stop loss below the previous low and TP at gap fill into the supply zone. Good luck to all and always use stops.

Adamsb

But FIT if price closes above the first trend line.

LuchoTrader76

Ummmm yea... buy this shit.... wait... what am i doing?

aleksandar.stanic.140

pulback option with low risk and high reward