Longer Term Trading Plans for FTXN
- Buy FTXN slightly over 27.12 target 29.08 stop loss @ 27.04 Details
- Short FTXN slightly under 29.08, target 27.12, stop loss @ 29.16 Details
December 09, 2023, 22:45 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FTXN
The technical summary data tells us to buy FTXN near 27.12 with an upside target of 29.08. This data also tells us to set a stop loss @ 27.04 to protect against excessive loss in case the stock begins to move against the trade. 27.12 is the first level of support below 27.5725 , and by rule, any test of support is a buy signal. In this case, support 27.12 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of FTXN as it gets near 29.08 with a downside target of 27.12. We should have a stop loss in place at…
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