Thursday, April 13, 2017

FGEN on Range-Bound price action

First Gen Corporation

FGEN is on a Range-Bound price action with immediate resistance around 23 and immediate support around 20.90.

Trading Plan
- Trade the range:

  • Buy near or around support.
  • Set stop-loss a few points from support breakdown and ideally, maintain at least 1:2 risk/reward ratio (around 19.85~20 zone).
  • Initial TP = 23


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