Stock Market Enthusiast
FFB: Positioned for a New High? - KingKKK
Overall technical outlook:
FFB shows a strong uptrend with favorable indicators, but the position near the upper Bollinger Band suggests the potential for short-term consolidation or a pullback before resuming upward momentum.
Bollinger Bands:
The price is currently trading near the upper band, indicating strength but also potential overextension. This suggests bullish momentum, but caution is warranted for a potential pullback.
Moving Averages:
The price is above the 50-day moving average (MA), which is currently at 1.50, and the 200-day MA, which is at 1.38. This indicates a strong uptrend.
The 150-day MA at 1.43 acts as a support level that has been respected, reinforcing the bullish trend.
Volume, MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index):
FFB: Positioned for a New High? - KingKKK’s Substack
My other posts:
Unveiling Market Gems: Your Guide to Beating the Market (substack.com)
MRCB: Bouncing Back - Can It Sustain The Recent Momentum? (substack.com)
Econpile: Double Bottom or Bullish Engulfing? (substack.com)
MALAKOF: Uptrend Continuation With Potential MACD Crossover? (substack.com)
MAGNI-Tech on the rise, is a Major Breakout Brewing? (substack.com)
IHH Healthcare: An Uptrend Defensive Stock (substack.com)
IGBREIT: An Uptrend REIT To Weather The Storm (substack.com)
KLCC - A Deep Dive Into the Chart's Next Move (substack.com)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
