Even I do not trade FSL but looking at the charts and other things, I found two points worth mentioning
- It has made a green/red piercing of the upper BB. So would expect some retrancement.
- Huge amount of call writing has happened on the 35 strike price. So the upside might be capped a bit. Having said that, if the markets run up, short covering can push this up further.
Just my two cents ....
Regards,
Enygma.
- It has made a green/red piercing of the upper BB. So would expect some retrancement.
- Huge amount of call writing has happened on the 35 strike price. So the upside might be capped a bit. Having said that, if the markets run up, short covering can push this up further.
Just my two cents ....
Regards,
Enygma.
I just went through FSL and it looks great! It has just broken its supply line with great (effort)volume on Thursay, and also tested the supply on Friday with low volume! BTW, I do not trade it