Flex LNG (FLNG) Long Position
I'll just call this a Hail Mary since I don't know what this would fall under as its still in consolidation after the previous cup with handle pattern.
But last Friday's pocket pivot volume was about 450% above average even as it squatted. The rally seems to have been a marked attempt to get the price above the 50 MA last Friday (which it held) and opened today above the previous close and was looking like a wick play at the start of the day.
But last Friday's pocket pivot volume was about 450% above average even as it squatted. The rally seems to have been a marked attempt to get the price above the 50 MA last Friday (which it held) and opened today above the previous close and was looking like a wick play at the start of the day.
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