Taking FFC modest profit on shaky market

Selling FFC because of a weakening trend and negative market influence. Two days ago green candle penetrated upper bollinger band. When this occurs and the momentum accelerates, I would hold.  However, it was followed by two red candles and the big drop in the Dow yesterday. Better to take profit rather than wait and see what the market does. Missing out on the dividend, but have to wait another 10 days until dividend record date, and it is not worth the risk.

This was a 23 day trade with 3.47% gain.

The time is right to start bottom-fishing FFC

The meltdown in the last week is creating lots of buying opportunities. I got out of FFC at the right time fortunately, but I like this stock so am looking for a rentry point. This planned trade is  some bottom fishing with a small order about two days price action below the current low.  As the candles are still penetrating the lower bollinger band the downtrend could continue for some days yet.

Signals for re-entry in the order that they will appear are below. If all three of these signals occur next week, this will be all go and I will adjust the buy order to meet the market price, or increase the position.

1. Green candles trading entirely inside the lower bollinger band
2. Green and pink EMAs closing together.
3. Green EMA flat or climbing.
4. Three green candles in a row, and it will be time

This stock pays a monthly dividend, so can be an income stock as well.

FFC Closed with 1.6% profit and $ 0.13dividend

Although I liked this longer term trend, FFC didn't reach my short term price target of $18.54, and technical indicators all show it to be weakening, so I exited with the monthly dividend and a small profit. It's post dividend, so may take a dive below the EMA 17(purple) and present a rentry opportunity.