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FMSA long term buy

已更新

Been in since 50% lower, pretty much bought just after the bottom but long term still looks good.

Historically the past 5 times the RSI on the (daily) has been this high there has been a decent retracement, apart from where it was a toppy choppy mess, and it isn't currently ranging as such. This is where I plan to average in further. Combine this with hitting the top of the daily cloud - seems prudent. If it breaks the daily cloud I will look to average in more.

Weekly has had a nice C-clamp formation, combined with the bottomy prices and unfairly bearish market for this company and the decent buy volume I think this is a good buy still.

Long term (1 year+) target is $7

Happy trading!

註釋

We are breaking out of the daily cloud, let's see if it closes outside for a Kumo breakout long.

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10% jump in a day. Nice.

註釋

still worth noting the RSI is in historically oversold territory

註釋

High volume on a Friday and a spike is unusual and potentially bullish.

Worth noting that unless we go vertical historically we should expect a pullback from here. I may reduce my exposure to buy back a little lower:

註釋

Still heading up- another few percent, I don't feel this will last.

註釋

Selling here, we are at some resistance and I cannot ignore the historical patterns of RSI, BB and previous rallies. We could drop by as little as 10% or as much as 30%. Time to buy back lower.

註釋

So we wicked up and came close to the weekly Kijun, my first personal sell target was $5 but since we went vertical I have sold already around here and will let the position ride. I'll be reloading on a retrace.

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Pulled back as expected, will reload between $4 down to 3. Around $3.86 is where I'll average in from.

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some surprise bullish news and massive buy volume, make of that what you will:

seekingalpha.com/news/3299110-bloomberg-belgian-miner-sibelco-weighs-takeover-bid-fairmount-santrol?app=1&uprof=82&dr=1

註釋

First target hit, letting my position ride.

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The pull back on the W/D/4hr is looking shallower than I expected. Taking a basic view zoomed out on the monthly we have H/A candles green with the stoch RSI turning up. The probably has legs going into next year, I expect bigger moves after the new year.

Now is a good time to take profits and wait for a break of previous resistance or if you want to let it ride historically there is a case to be made for another 25% or so upside.

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Ah we are finally seeing a correction towards $4.

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Daily T/K is about to cross bearish, we've broken the cloud to the downside on the 4 hour, I'll be waiting for it to look good again on the 4 hour for re-entry, ideally the D and W will confirm.

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Pretty bearish on 4hr, breaking cloud to downside, Daily T/K cross to the downside. I think a bottom will be found in the next week or two. Don't forget the earnings coming up soon as well.

註釋

Personally I will be buying back in between 3.36 and 3.

註釋

Missed out on rebuying, that 0.32 retrace should have been the clue- earnings good. Let's see how the stock does over the next month, could present another opportunity with a t/k cross/recross on the Daily. 4hr recently broke the cloud so that is a long signal. Will accumulate on dips.

手動結束交易

Closing this commentary to focus primarily on crypto going into the new year.