FGEN needs to correct, watch out for the bottom
FGEN‘s weekly chart is still showing some bullish sign but we may experience a correction soon. Last Friday, we saw FGEN fell by 2.7% falling below 18.11 which was our immediate support (daily chart). If the bears will continue to pull FGEN then we might see a correction down to 16.81 per share. This stock is also ripe for a correction since it is already at the overbought level.
RSI or Relative Strength Index is currently at 71.8 on weekly chart
More from my site
Latest posts by felix (see all)
- Philippine Stock Market – Update on selected stocks 4/21/2017 - April 23, 2017
- Philippine Stock Market – Update on selected stocks 3/31/2017 - April 1, 2017
- Philippine Stock Market – Update on selected stocks 3/17/2017 - March 19, 2017