Fastenal Company (fast) Had A Great Day! More To Come?

Discussion in 'Investment Charts' started by gowiththeflow, Oct 12, 2019.

  1. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    1,041
    Likes Received:
    9
  2. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    703
    Likes Received:
    8
    From a chart point of view, the fact it has broken through the previous high is a good sign - as long as it can hold this level. The next few days are crucial.
     
  3. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,720
    Likes Received:
    20
    If they can hold this level they should considate before a push higher?
     
  4. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    504
    Likes Received:
    1
    Seems to be holding its ground at the moment - this consolidation phase is very important.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    1,041
    Likes Received:
    9
    Looks to me as though the buyers have taken control of the shares again and they are gradually moving higher. Now they have broken above the recent high there does not appear to be any resistance in the short term.
     
  6. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    504
    Likes Received:
    1
    And that is the break through to higher ground :)
     
  7. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,720
    Likes Received:
    20
    Yip, broken into higher ground - it could go anywhere!
     
  8. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    1,041
    Likes Received:
    9
    Couldnt make it through the resistance level around $38 - however, I think the shares will have another go very soon.
     
  9. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,720
    Likes Received:
    20
    This one is certainly back in favour - a period of consolidation then another rally?
     
  10. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    504
    Likes Received:
    1
    Seems to be stuck between support and resistance but the momentum still seems to be positive - one to watch :)
     
Tags:

Share This Page