FBP-a C&D Trade

Here's a link to past FBP posts


Recently I posted FBP looked like it was about to start another leg up-that was last week.

 The 30 min chart showing good accumulation as the basis for last weeks call-

 Right now on the 1 min we see some profit taking, I view this as an opportunity.

 Here's the breakout level to start a new leg up, it would be nice to see volume pick up.

And here's the T.C. stop. You may want to adjust that depending on your tolerance for risk.


While many stocks are manipulated in the averages especially (component stocks) it seems the HFTs and PD are not interested in these lower priced stocks. I never liked recommending stocks under $10, certainly not under $5, but the market structure right now has changed and there's a segment that can be traded successfully, it calls for good risk management and not swinging for the fences, but building your portfolio slow and steady, not spiking it with volatility in your position sizing.


So for now, we go where the opportunities are, and this seems to be a segment of the market that is ripe with opportunities. All in all, thus far I like FBP for another leg up.