Aug. 16 at 1:27 AM
Heavy institutional block prints hitting
$FAST with over
$37M in total premium absorbed near
$52.38! 📈 Buyers are positioning as price pulls back toward its
$48.20–
$49.60 structural demand floor ⚡ Fastenal leads global industrial distribution, wholesale fasteners, and automated supply chain solutions ⚙️
Profitability & Fundamentals: Industrial distribution titan reported strong Q2 sales with 14.7% daily sales growth, record free cash flow, and steady dividend expansion.
Technicals: 8h chart displays a clean order block pullback and retest setup approaching primary volume profile support 🎯 Reclaiming
$52.38 clears overhead supply for an expansion run toward
$56.00 and
$60.00 targets.
Bull Key Levels:
$49.61 🐂 🔥 | Confirm:
$52.38 🐂 🚀 | Extension:
$56.00 🐂 💥
Bear Key Levels:
$48.20 🐻 ⚠️ | Confirm:
$45.00 🐻 📉 | Extension:
$42.70 🐻 🚨
Stop Loss:
$47.50 🛑
Targets:
$56.00 /
$60.00 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#hovdid
