It appears as though FFH is showing two alternatives, an H&S breaking down, or, sideways trading in a horizontal channel, with a breakout likely happening early 2024.
A horizontal channel is a neutral chart pattern that marks investor indecision. Buyers and sellers fight, and it is only at the exit of the horizontal channel that they agree on a direction; either...
On the RSI FFH has created a higher high, very bullish.
Prem Watsa bought nearly Half a Million shares of FFH, I wonder if the Blackberry rumors are true?
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders...
Notice how the 200 Day MA was playing as the resistance ceiling of the bull flag, now that it's been broken flush to the upside there's been a Golden Cross on the Moving Averages, very interesting.
