5 below? More like 6 below!
FIVE Daily chart analysis.
Five started its Uptrend in September 2017.
Covid came and snapped the uptrend in February 2020 but by August 2020 price snapped back up and continued its uptrend. The momentary fall in price during covid proved to be nothing but a false breakdown.
The Uptrend continue until January 2022 where it fell back to post covid levels.
Since then, price attempted to make high highs but failed. It is now moving sideways with no trend in what looks to be a possible distribution stage.
Companies continue to shred all the covid gains made from all the fake money that was printed. FIVE will also follow suit.
Entering trade short
Target 1-
Entry: 196.55
Stop loss: 222.71, (-13.31%)
Target: 113.00, +42.51%, 3.19 RR ratio
Target 2-
Entry: 196.55
Stop loss: 222.71, (-13.31%)
Target: 52.67, +73.20%, 5.5 RR ratio
FIVE Daily chart analysis.
Five started its Uptrend in September 2017.
Covid came and snapped the uptrend in February 2020 but by August 2020 price snapped back up and continued its uptrend. The momentary fall in price during covid proved to be nothing but a false breakdown.
The Uptrend continue until January 2022 where it fell back to post covid levels.
Since then, price attempted to make high highs but failed. It is now moving sideways with no trend in what looks to be a possible distribution stage.
Companies continue to shred all the covid gains made from all the fake money that was printed. FIVE will also follow suit.
Entering trade short
Target 1-
Entry: 196.55
Stop loss: 222.71, (-13.31%)
Target: 113.00, +42.51%, 3.19 RR ratio
Target 2-
Entry: 196.55
Stop loss: 222.71, (-13.31%)
Target: 52.67, +73.20%, 5.5 RR ratio