We hope you are enjoying your weekend. On this Saturday, we would like to quickly recap the stellar performance that FARE had this past week and why our members should look forward to an even bigger week ahead!
This past week, FARE gained a total of 38% reaching an all-time high of 26.5 cents. This is by far the most positive and biggest week for FARE in its trading history. Our feelings are that FARE has caught the attention of large institutional buyers and momentum investors who are buying shares in World Moto Inc. for a much larger move North!
There are still rumors looming that FARE could be on the brink of revealing a contract in the hundred of millions. If announced, members can expect FARE to reach new all time high.
Technical Analysis on FARE : Perfect Storm Ahead!
The chart on FARE is one of the most amazing one we've ever seen in our years of experience. Current technical indicators are showing very bullish and positive signals that an imminent breakout is still on the agenda for FARE:
#1- The RSI and MACD, which measure the strength of a momentum, are both trending upward and showing no signs of slowing down. Furthermore, it has not topped yet and both indicators are clearly getting stronger by the day!
#2- Volume has been steady and healthy this whole past week and we expect the attention on FARE could grow even bigger as more investors and institutional buyers are jumping on this company before a huge breakout!
#3- The trend lines which we annotated in blue clearly shows that FARE is forming a very tight uptrend channel and pointing in the direction of a massive breakout that would bring FARE to a whole new price level. |