Another informal update on a stock we looked at last year as part of a Robotics theme (it’s not a robotics company, but its optical systems can be used in robotics).
FLIR daily is breaking above resistance today.
The weekly chart shows a measurement to about 41, based on a previous, larger pattern, which was harshly tested on what I believe was a post-earnings drop and pop.
The monthly shows an even bigger bull pattern measuring to 55 if the current resistance level breaks.
Take the above for what it’s worth (even if it breaks out it could months, even years to get to 55), but I find this stuff fascinating. Daily, weekly and monthly charts each sporting a different and bullish looking pattern. The key is whether it can hold today’s break above the resistance line on the daily chart.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.