FIL is stuck in a continuation pattern, which is called a "channel". Unfortunately, this indicates that the momentum will continue down, if it started this channel when it was going down.
However, with a little bit of hope and luck, if it breaks this channel, it can look promising, and the TP level would be around $7.5.
Vice versa, if it fails and goes lower, well then that's really bad news.
Otherwise, continue monitoring this.
However, with a little bit of hope and luck, if it breaks this channel, it can look promising, and the TP level would be around $7.5.
Vice versa, if it fails and goes lower, well then that's really bad news.
Otherwise, continue monitoring this.
