$FLMN: Making a bullish pennant!

* This pattern has until June 13th to break out to either side.
* Looks good on all time frames

* The measured objective of this pattern would be around the $10.19 area. There will be some historical resistance around the 8.16/27 area which may see some selling pressure.


Technicals:
Sector: Energy - Oil & Gas E&P
Relative Strength vs. Sector: 1.17
Relative Strength vs. SP500: 4.09
U/D Ratio: 1.14
Base Depth: 15.91%
Distance from breakout buy point: -5.88%
Volume -32.44% below its 15 day avg.

Trade Idea:
* Wait for a break above the pennant resistance before entering.
* You can also look to enter around the 6.69 area if the price comes back to test support
* I think there may be higher chances of it coming back to 6.95 before moving higher.
* Manage risk under 6.69