Updated Technicals of Fulgent Genetics (NASDAQ: FLGT): 28 July 2020

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT):

28 July 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Fulgent Genetics (NASDAQ: FLGT). Fulgent has just completed its significant re-accumulation. It is a stock that will outperform regardless of the broad index markets' performances, i.e. it goes up disregarding if broad markets are in bull or bear market. It is one of the good hedges together with Gold. The holy trinity of further re-accumulation is as illustrated. These are show of intentions. The green circled region of breakout is further declaration of market intention to mark up prices. If you had bought with me at $4.79 (refer to past analyses), your returns has furthered bloated from +350% to +552% now. You can continue to expect your returns to be at least +1000%. Target prices are $31.50 and $63.00 respectively.

The Donovan Norfolk Technical Rating:
Bullish

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

DISCLAIMER

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.