Is FGEN done consolidating?

After consolidating for few days, it looks like FGEN is ready to move higher. Resistance is at 18.11 while support is still the same at 16.85 where the bulls were able to hold the price from going down. RSI or Relative Strength Index is still high at 84 so this is something we need to monitor. So far no bearish candlestick formation can be seen.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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