Hello, Traders!
FTT has a strong fundamental component and is a good option for a long-term portfolio.
The market maker is holding the price at March levels and buying out sales, which could indicate intentions to continue the business cycle if market conditions are right.
To reduce risk, the position should be broken into 3 parts and bought up in case of a correction :
20% of volume in the range $25.40 - $28.20
30% of volume in the range of $19.90 - $22.65
50% of volume in the range $13.95 - $16.50
Stop Loss range would be $8.50 - $10.75
Buy targets will be price levels of
$41,90
$54,00
$61,40
Risk/profit ratio above 3 ✅
Good Luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered financial advice
FTT has a strong fundamental component and is a good option for a long-term portfolio.
The market maker is holding the price at March levels and buying out sales, which could indicate intentions to continue the business cycle if market conditions are right.
To reduce risk, the position should be broken into 3 parts and bought up in case of a correction :
20% of volume in the range $25.40 - $28.20
30% of volume in the range of $19.90 - $22.65
50% of volume in the range $13.95 - $16.50
Stop Loss range would be $8.50 - $10.75
Buy targets will be price levels of
$41,90
$54,00
$61,40
Risk/profit ratio above 3 ✅
Good Luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered financial advice