Bullish on FLNG
FLNG has done several bullish things recently:
- Broke it's blue downward trendline(s).
- Broke overhead resistance and retested it.
- Broke through the daily cloud and retested it.
- Made 2 higher lows, thus creating an upward trendline with 3x touch.
- Moved above the 50MA on the daily chart and found support above (light blue line).
So very simple, this is a buy form a TA point of view.
- Broke it's blue downward trendline(s).
- Broke overhead resistance and retested it.
- Broke through the daily cloud and retested it.
- Made 2 higher lows, thus creating an upward trendline with 3x touch.
- Moved above the 50MA on the daily chart and found support above (light blue line).
So very simple, this is a buy form a TA point of view.
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