FLBHD trade ideas
FLBHD,convincing breakout might mean somethingFLBHD Break above resistance in early of sept 2021 with a gap up...despite the candle might not be nice,but is still acceptable,howver for risk management,conservative player should only initiate an position on gap filling...split the funds allocated into 3 batches and ensure each entry to be at least 5-6 cheaper than the initial entry...holding period aiming is 3-6 months....eyeing to retest May 2021 high as a initial target
Buy when nobody is looking and picking the fruit now?BUY
- Buy when there’s a pullback between the range of 1.04 and 1.14
SELL
- Make a tight SL since the north hiking takes only 15 days
- The few red candles are aggressive but interest is intact
- Observe accordingly since there are multiple resistances from years back
RATIONALE
- Trend reversal
- Be careful as this sentiment aligns with the rise of lumber’s price
- FA wise, company is still in red albeit the better prospect in the future
**the analysis is solely for my own references and learning
