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Thursday, 13 February 2020

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT): 13 February 2020

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT):
13 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Fulgent Genetics (NASDAQ: FLGT). Fulgent is on a powerful uptrend channel as shown. It is repeating the break-ups of pink resistances while at yellow trendline supports (refer to all 3 circled regions in dark green). It has broken up light green resistances and is now making it the support. Price Actions with respect to Linear Regression is bullish, of buying mode, and aggressive. The breakup of light green resistance was done using cup and handle re-accumulation. Consistent re-accumulation within the yellow channel is persistent and relentless. If you had bought with me at $4.79 , your returns is now +350% now. You can expect your returns to be +1000%, i.e. another more than 200% returns from current point.

The Donovan Norfolk Technical Rating:
Bullish

All Past Fulgent Genetics Analyses:
https://donovan-ang.blogspot.com/search/label/Fulgent%20Genetics

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This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

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