FTEC bounces 3% off double bottom, trade at +17%
FTEC bounces 3% off double bottom near 266, buyers back in force
FTEC bounces 3% off double bottom, trade at +17%
Our view last week
FTEC is in week 11 of a buy signal and trades at +13.98% since entry. All 3 targets of our most advanced model have already been hit and coverage is complete: the stop now trails the weekly Inversion Point on the residual capital. Signal strength stays medium-weak, in a technical picture that has turned more cautious over the last few sessions.
This week's summary
Weekly technical analysis. The US tech sector found its footing again: after a clean double bottom near 266, FTEC bounced 3% this week, with buyers decisively back in control - 97% of volume on the buy side. The trade now sits at +17.4% since entry, but underneath, momentum has kept cooling for a month, and price is boxed between the 281 and 283 areas.
IQS Phase
67
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#79 / 129
US stocks in progress
Trade P&L %
+17.39%
from signal to today
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