[[FAS]] is a great trading vehicle for those, who are looking for the biggest bang for a buck.
Here is how you can play it next couple of weeks.
There is a clear double bottom on the daily, with an ultimate target at ~18.00-20.00.
Looks like Whycoff to me. A dip below support and then a quick reversal. Even though I have chosen 9.50-9.80 as a buying area, it is only valid for a couple of days, as if the market desides to go much higher, like beyond 12$, it won’t pull back that low.
