FLPC Chart: Bearish Engulfing Reversal Pattern formed on Fri.......on Thurs. there was very heavy Vol. & a long Upper Tail formed......the Tail on Thurs.'s candle shows selling/profit taking.....
The Lg. Red Candle confirms this........bounced right off MA(50) @ 0.005 & MA(10) @ 0.006 support......FLPC must hold these levels to maintain them as support.....otherwise there'll be risk of dropping to 0.004........
The Key for FLPC is to close above MA(20)/Middle BB @ 0.007......another close above this level should confirm it as support & signal a run to penny land........Parabolic SAR @ 0.01......hit that level & it'll trigger a major Buy Signal........
Fast Sto & RSI have plenty of juice to run.......MACD is pinching......it wants to Bullish Cross......just needs another green day.....Keep an EYE on it.......a red candle & lower trading share price confirms the Sell Signal....
FLPC on hold support & start a new uptrend radar..........$$$
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