$FRSH Breaking Out of Downtrend?

15 Nov 2023

FRSH I like this chart except for a declining 50 day moving average (red) and it has yet to put in a higher low. The positives are a rising 40-week MA (white) price has moved over the shorter-term Mas. It looks to be breaking out over the downtrend line. I like how I can define my risk if I am wrong.

I have started a ¼ size position and I will look to add if / when it moves over the near horizontal trendline. I will place my stop on a close below the 40-week MA.

15 Nov 2023

Catatan

This one's having a hard time with the market fading. If it cannot hold the morning low going into the close, I will likely sell out and put it back on the watchlist. TBD.

28 Nov 2023

Catatan

I did not sell out on Nov 15 and still hold the same 1/4 size position. It now looks like FRSH is getting ready to break above a small flat base. If it can do that and hold today I will be looking to add. It looks to me that it is getting ready for a nice move higher. All TBD.

29 Nov 2023

Catatan

FRSH is looking nice this morning. If it can hold these gains into the end of day I'll bring this up to a 1/2 sized position.