Jul. 24 at 12:51 AM
Fastenal Company
$FAST is trading right around
$47.03 on the 8-hour chart, tightly compressed inside a contracting symmetrical triangle following its solid Q2 earnings report that showed net sales jumping 14.7% year-over-year.
Bullish Leaning Flow : Industrial distribution demand is holding strong as institutional accounts scale up automated vending and digital inventory solutions, keeping the medium-term bias constructive for a volatility expansion. 🐂🎯
Bull Key Levels: Bulls need a confirmed breakout and close over
$47.50 to clear the triangle resistance and validate continuation. 🐂🔥
Bear Key Levels: Lose
$45.50 and the pattern breaks to the downside, exposing the stock to a retest of lower structural moving average support. 🐻⚠️
Take Profit Targets:
$49.50 /
$51.00. 💰💸
#hovdid #FAST #Fastenal #Industrial #StockTrading #Options
