Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NYSE:FPH ...
I believe this code is at a point of potential volatility.
If price can hold above $3.16 ... Bullish potential may be unlocked.
My key upside targets include:
- $3.61 (Conservative)
- $4.01 (Medium)
- $4.45 (Aggressive)
...
Five Point Holdings, LLC
Technical Pattern: Head and Shoulders Top
Outlook:Bearish
Mid Term Target:5.39
Current Price:6.56
Idea Generated at:Mar 3, 2021
This stock has formed a pattern called Head and Shoulders Top, providing a target price for the intermediate-term in the range of 5.55 to 5.70.
FPH with textbook ascending channel.
Traders could open a long position when a stock's price reaches the ascending channel’s middle trend line and exit the trade when price nears the upper channel line.
Enter trade around $6.55 and looking for a move back up to analyst's $7 or pre Rona highs of $8.50
FPH seems to have a very classical horizontal trendline pattern. I published my idea a few days ago and has been bouncing very slowly. I believe if you wish to play this stock long position, you should wait for a "confirmation" of a reversals.
A confirmation of a reversal in MY OPINION is to wait for a candlestick to bounce above the EMA (white).. I've had good...
