Communications Majors Get Their Revenge

The recent rallies in ACIA and GIMO have highlighted the strength in the communications equipment industry. Alongside software and medical device plays, I consider this to be another cornerstone of the bull case going forward.

In other words, if bulls are going to continue, hold, and build on recent then we are looking for other communications equipment plays which may be setting up behind the leaders to follow suit. 

FNSR is one such name, seen below basing well in the context of a daily chart uptrend. 

The cup and handle bullish formation sets up a defined play, with a move over $19 likely a long trigger. 

I will cover other such setups in this space for Members tonight, with full analysis, in the complete Market Recap Video.