NYSE:FN parked at an inflection spot ahead of FOMC tomorrow. I already have a position. Chance to size up if conditions tomorrow favors doing so.
Follwing surprise earnings and an upgrade to Buy, NYSE:FN is setting up a pivot for continued price expansion. Let the market digest recent gains for a while and we should see re-ignited moves soon.
Two large insider sales near this price at the end of last year.
Confirmed buy signal in Fabrinet, ticker: FN. Initial stop set at 53.50. More information on this indicator is available at the link on our profile.
Fabrinet seems to have finished minor wave 2 up and should begin wave 3 of intermediate 3. This move should show a good strength and prices should reach more than 10% of decline and up to the most probable first stop target at 48.25. If prices cross up 62.60 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FN is finishing subminuette wave 1 from intermediate wave 3 down. It could have a counter-trend move up up to around 63.00 before continuing its trend down to levels below 45.00. If prices crosses up 67.00, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
RSI remains in bullish uptrend having reversed of support. Long entry at approx $64.00 Target price $62.00 Stop loss below daily support $56.00
Indicators have rolled over pre-earnings but that is very much in tandem with the market=. Mid channel support very close. Horizontal daily support. Historically a good record of earnings beats. P/e ratio 19.86 Company profile Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The...
Completed B wave now down in C to as low as 50 would be good long
===Entry level $56 - Target price $74=== Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm's engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system. Its manufacturing operations offer sensors,...
NYSE:FN Has been on the watchlist for some time as a result of the mauling it took in the may selloff. It has since recovered and we think it offers a good low rick long trade Into earnings on the 19th AUG. Technically it is set up bullish having failed, reset, and now broke through the golden pocket FIB restsiatnce. AVERAGE ANALYSTS PRICE TARGET ...
FN out of pullback trend and RSI back into bull zone
daily trend is down but weekly and monthly is up. price should continue to drop to wkly dz which is also 61.8 retracement. Price should then go up, continuing its weekly uptrend.
Long fn retraced to .618 with reversal pattern at key level
Manageable debt/ Great balance sheet Lots of growth-PEG 0.7 Great value if bought at prices below 42.50 during this bullback this stock has performed well in the past, making it safe as far as capital allocation goes. competent management