FFH update, see also CI, March 9

FFH March 9

So at about $400 we recommended getting out of this stock, all based on a classic formation known variously as a rising wedge, rising flag,a diagonal triangle and a pennant. It invariable drops back to its base and often more than that. After about $125 in our favour we would be inclined to say  “thank you” and move on. Remember that we want a high probability, not a gamble and the trade can always be reentered if conditions warrant doing so. Right now the light is amber.