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1 year ago

FLT Inverse H/S pattern.

The weekly chart of FLT is a nice Technical set up of support and resistance.
Clear support is indicated at $43 and resistance at $48.
The Primary trend is UP, after the price target from the head and shoulder pattern from 2013 2014, and but does need to trade over $44.80 to give an indication of strength.
Price target $56.00
The recent Inverse head and shoulder pattern shows the neckline retest last week.
Stops would set at or near  $43 or last weeks low at $42.18.

FLT