FLOW Potential 97% Gain from Buy Zone 1

23 de mar. de 2021

Since the Buy Signal from our Swing Call Script, FLOW has gained 93% from $20.78 to $40.98 on this Huge Parabolic move to the upside in just 4 days from 01/03/21 to 04/03/21. Flow has since retraced down 51% to our Buy Zone 1 at the 38.80% Fibonacci level, further testing and breaking below the 13 EMA and 50 SMA finding some support temporarily at the 61.80% Fibonacci level from the 16th March to 21 March. Since then flow has seen has a lot of selling from profit takers in the market who experienced 93%+ gains during 'March Madness'. Be patient we expect the Bulls to come back in the market after breaking just below the 200 SMA and there is a high probability of a recovery from this current downtrend we are temporarily experiencing, and the next move for FLOW could be another Huge Parabolic move back to test the current ATH @ $41 and further test new ATH towards the 127.20% Fibonacci level @ $47.33 and our 161.80% Fibonacci extension @ $55.23, which is a potential 97% Gain from Buy Zone 1. If we fail to break above the 61.80% Fibonacci level, use the current buy zone to DCA/Accumulate from this level, overall the outlook for FLOW is still very bullish as the stochastics are showing an extremely oversold market from the previous uptrend. April could see some very huge gains from FLOW! Map out your Buys and be patient, when FLOW is ready to move it will be shooting for the moon. Happy Trading :)