Fly high FLI.

Properties moving and while browsing charts, spotted this one. Perfect time to break its inverse head and shoulders pattern in the daily chart.



If one is to trade patterns, a sample trading plan is to risk .10 cents. That is already about 3x multiple of its 20 day moving ATR at .03.

Buy: 1.28-1.31
Stop: 1.18
Target: 1.6-1.62

Risk .10-.12 for a potential gain of .30-.32 cents. That's 1:3 risk to reward ratio.

Next resistance is at 1.35. Support is at 1.20.

Zooming out is the weekly chart. It looks like a 4yr cup and handle forming. Long term target could be as high as 2.8. That is still a double bagger at current levels.



:)