FBP Follow Up

FBP is a trade from 2 p.m. on Friday, December 17th. It's been up about 8% today and as high as 21% since Friday when it was mentioned.

This chart has a huge base and I believe it could be an easy double.

 Here you can see more immediate accumulation on the 5 min chart from 12/14-12/17. 12/17 is in the white box.

 This looks like a huge stage 1 base. Being it's an inexpensive stock they take a little longer to accumulate without pushing prices higher, but it looks like they'll soon take FBP to stage 2 mark up where the real gains will be made.

 Right now it is showing a technical breakout, when it closes above the highs of the candle in the white box, volume should increase.

 Here's the daily 3C positive divergence/accumulation. You can see someone spent some time accumulating this position. I'd assume they expect it to go much higher. Look how big the leading divergence is (in the white box)

 Here's the hourly chart showing price is being confirmed.

Here's the entry from last Friday.

All in all, whether it breaks out today or another day, I believe this could easily be a double. It's already seen gains of nearly 22% since Friday.