Stock Market Enthusiast

FFB: Positioned for a New High? - KingKKK

KingKKK
Publish date: Tue, 10 Sep 2024, 09:53 AM


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)

FFB: Positioned for a New High? - KingKKK’s Substack

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