FLI may try to break the 2.0 resistance level again soon based on how the price moved last week. The higher lows suggests the bulls are not going to give up just yet. And the 20-day SMA line showed to be a strong support also. A break with a large volume will make the price [...]
This stock may have been rebounded at 1.80 support line but faces resistance at 23.6% Fibonacci Retracement level. I think this resistance is quite strong and we might see FLI retraces and find support again at 1.80 There is also a tendency it will find support lower than that at 38.2% This is because we [...]
FLI‘s rally was due to the breakout we see following the Falling Wedge Pattern just last week. But at this point FLI is facing a strong opposite wind as it tried to reach the peak. Based on the chart, we see that last Friday the bulls regain control after bears took position the previous day. [...]