Flowserve Corporation
Pembelian

FSL cup & handle ..long over round number 50

130
FSL – industrial goods
the major trend is up, a moving average 20 accompanies its movement
50 is a resistance level - a number of touches can be seen at this level on a monthly &weekly chart as well as on a daily chart.
the trading volume is currently not high, so the idea is to let the stock correct a little and follow the development of significant
volume before breaking out 50 level for a long play.
In sum, It'll be interesting over the round number after 50 will become a support.
Follow up…
this is not a recommendation to buy or sell.
as always, you are welcome to enlighten me… goodluck!


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