F&N-Strong breakout of consolidation
We have taken profit on valuetronics and unfortunately cut loss for sunningdale tech this time round (made profits first time round)
Moving on, today managed to uncover a nice chart setup for a familiar name to all: F&N.
F&N chart shows a very nice and smooth uptrend and today it broke out of recent consolidation zone with substantial vol compared to its average vol. The uptrend is smooth and would be suited for risk-averse traders/investors. We entered some at $2.59.
Next Chart points:
Resistance :$2.69 and then $2.84
Support $2.56-$2.58.
This is not a BUY or SELL call. Please DYDD
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