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 if it gets some more volume and breaks out, it will go to $27, after that no resistance till $38.
Any feedback would be appreciated!
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 if it gets some more volume and breaks out, it will go to $27, after that no resistance till $38.
Any feedback would be appreciated!