FLT Showing Strength After Last Drop (Bullish)

29 Jul 2021

With multiple patents and permits being acquired recently by FLT there's clearly strong growth from a business standpoint. From a chart / technical standpoint, we seem to be bottoming out from the last drop. We've set a higher low, a positive sign for a bullish case, now the only question is whether a higher high will be printed. On a lower time frame, a break of the local high ($1.38 - $1.41) would also confirm a strong bull case. With the Covid delta variant causing fear, there is a general uncertainty in the market. To be absolutely certain I would wait for a break of the monthly high ($1.77), which would definitively confirm a bull case on a higher time frame. This is an exciting space with a strong and practical outlook for the future.