fridays open, page-23

Here is a chart:

FMG

Daily:

You can see it was traveling in an upwards trending channel, with some repeating speed angles (arrows). It managed to break away from the channel, and reach the target on the speed angle. This is when I advised my poppy to sell, due to stochastics being overbought and starting to turn there.

Now we have seen a pullback into the channel with the stochastics turning down. Look for it to either hold the upwards sloping line and the 195EMA for support (pretty much go sideways for a bit), while the stochastic falls, Or it may break its trendline and the 195EMA and fall back down to the lower channel support.

Also keep and eye on the stochastic on that trendline if it turns up there on support.