FDC Ltd - Channel Bottom
I do not know too much about this co fundamentally but one thing stands out..They cleared the USFDA audit without an observations which is a great thing for the co.
The co is at a channel bottom..
There is a convergene of the moving averages on the weekly and monthly which could signify a sharp move is due ahead.
There were volumes on the daily this past week which could signify accumulation too.
Trade Long above 296 with a stoploss 269. I would allocate small coz I don't know as much about the co.
The co is at a channel bottom..
There is a convergene of the moving averages on the weekly and monthly which could signify a sharp move is due ahead.
There were volumes on the daily this past week which could signify accumulation too.
Trade Long above 296 with a stoploss 269. I would allocate small coz I don't know as much about the co.
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