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

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  2. Chartman

    Chartman Senior Investor

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    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

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    If they can hold this level they should considate before a push higher?
     
  4. Buyonthedips

    Buyonthedips Senior Investor

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    Seems to be holding its ground at the moment - this consolidation phase is very important.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    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

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    And that is the break through to higher ground :)
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Yip, broken into higher ground - it could go anywhere!
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    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

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    This one is certainly back in favour - a period of consolidation then another rally?
     
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