EXECUTIVE SUMMARY
FFHB is following
long term uptrend. FFHB rebounded after taking support at 0.87 after
a short term downtrend. It is having its resistance at 1.06. It is
expected to breaks its resistance of 1.06 and move up to the target
of 1.18. Looking at its previous trend, it is expected to go up to
1.12 in short term. It is technically strong counter supported by
RSI, Bollinger bands and other technically indicators which are
giving a strong signal of bullish trend ahead. Its a nice opportunity
to buy above 1.06 and gain a considerable amount of net profit in
contra. Free Trial Signals
Technical Justification
Looking at it
technically FFHB took support at 0.87. It is following long term
uptrend and is expected to continue its trend. It has recent given
the breakout for double bottom indicating bullish trend in near
future. Its near term support is at 1.00 followed by long term
support at 0.87. It has its resistance at 1.06 as soon as it breaks
this resistance it is expected to move up to our target price of
1.12/1.18 in contra.
FFHB is following uptrend
and is increasing at a particular pace. It did not break its trend
line and rebounded above it by taking support at 0.87, indicating
bullishness in near future.
BOLLINGER BANDS
The price has touched the
upper band. Both lower and upper bands are moving upward and hence
indicating strong uptrend. FFHB is expected to increase till it is
going along with the upper band.
MONIG AVERAGE CONVERSION
DIVERSION (MACD)
Simple MACD has arose a
bullish signal. The faster moving average curve has given cross-over
to the slowest moving average curve from below strengthening bullish
trend ahead.
RELATIVE STRENGTH INDEX
RSI is above 50 ,
currently at 67.369. Which indicated that the investors are buying
the counter and hence it is expected the price would take the uptrend
due to buying pressure.
TRADING VIEW
Trading should be
calculative and done at correct levels. It is very important to make
entry and exit at right level. An investor should always enter above
the resistance level and should close his position as soon as the
price has achieved the target or has hit the SL (stop loss). The
entry level of FFHB is above 1.06 with SL of 1.00 and target price of
1.12/1.18.
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