Earnings can be a catalyst for changes in trend, the formation of a new trend or breaking out of existing resistance or support levels. That certainly was the case for Foot Locker (FL) today as it broke out of a short-term resistance level. This is a very interesting technical setup and one that we certainly will be monitoring in the upcoming days and weeks.
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One Reply to “Footlocker Breaks Out of Resistance After Earnings”
Tim .. thank you .. greatly appreciate your analysis .. and I like the recent video real time approach on specific stocks (apple & footlocker) .. Tackle trading doing a great job for us growing traders
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