FLT - Charting, page-35

I've been watching FLT over the past few months. Anyone else use VSA (Volume Spread Analysis) charts.
My VSA daily chart for FLT is provided below. I've annotated some of the signals generated by my VSA indicators.
It's really starting to look like a classic setup to me. The "Selling Climax" and "Stopping Volume" signals definitely signaled the bottom of the plunge down. The SP has been in an accumulation phase as shown by the "No Supply" signals as the SP hovered around the very high Volume Close of 17/04 (the last "Stopping Volume" signal on the chart). The breakout above the Accumulation Zone was stopped right on the 50 SMA. The Instos watch the 50 SMA and 200 SMA closely, The Sellers came in at that level as indicated by the "Buying Climax" and "Supply Coming In" SOWs that occurred on 26/05. The SP may stick to the 50 SMA area for a while prior to moving up again. A break above 1480c would see the upside target of 2228c come into play which is also very close to the 50% retrace of the big plunge down.



All IMO. Just another chartist view of the recent FLT price action.