Volume move through buy zone, big money just noticed $FFIE

1月11日

The blue zone on the chart is where price made a significant move in May 2024. Recently price was near flat-lined just below that zone and I'm sure there was considerable quiet buying. Price has moved through the buy zone with record volume and strong bullish price action (This correlated to a car show appearance?). Now there has been a very structured 7 day pull-back to the bottom of the May 2024 zone and price is sitting on the 50 SMA.

What I am looking for;
I expect that price will begin moving higher in irregular spits and sputters (the diarrhea play). This is how those big money asses take money, well I'm on to them, I have FFIE at the top of my watchlist and I'm ready. If I were to use an example for the price action I expect with FFIE I would look at the 1 year daily of DBI and see that each large move resulted in a retrace to the opposite channel line. (gap up moves back to lower channel, gap down moves to top channel.)

The play;
Wait for violent retests that shake out the sweaty paper hands and follow price action.

I day trade only and I use the box method and 5 min breakout trading approaches, good luck.

1月13日

交易進行

We fell below the prior reaction zone established May 2024, however price action was volatile in a manner that provided two solid buys off prior day low, and two short opportunities, which is more whipsaw action than normal. Given that no trend line or prior reaction zone can be 100% to the penny, I believe my thesis stands. Buy the dips with wicks.

1月18日

註釋

I see an ascending support line formed as well as ceiling resistance at $1.61. I am looking for a push over resistance, that will probably happen when the market is trending higher bringing everything with it. If price does move over $1.61 I suspect a structured move (Higher highs and lows) more than a parabolic move. Honestly, I was expecting more at this point in the price action. That can mean two things for me, it is setting up for a big move and there is manipulation (which will draw out the price action and time frame making it less attractive for day-trading but better for swing), or there was no move brewing after all. Either way, if volume starts to fade I will be moving on. Good luck

5 天前

交易結束：目標達成

Volume is fading and price is struggling to hold. I have moved this down my watch list. It's too bad, this is my p&l leader for 2025, funny considering I don't think it's had a green day in that time. I will revisit this most mornings until I move it off the list, if it starts back up it might move 50% pretty quick. Good luck