Last week I recommended to watch If FSCT would close considerably above the green rectangle .Now If NASDAQ:FSCT keeps enough bullish momentum and succeeds to close -either today or in an upcoming day- considerably above the black line ( trendline ) with bullish strength , I think price would very likely to continue up to around the blue rectangle area (around 27-27.75) .With a potential continuation towards the 29-32 If it keeps a strong bullish momentum , and depending on how it would act around the blue rectangle area .
Komentar:
Even though the price broke slightly above the black line, the market was weak in every way. That's why it returned back down. It might continue down towards the green area and then bounce up from there to gather strength and potentially break the black line with more power.