No sign of bears on FGEN

So far no sign of bearish pattern for FGEN as it move above the 18.10 level and close at 19 per share. The bulls may continue to push the price to 127.2% Fibonacci Retracment level or around 9.70 per share. All Ichimoku elements are still in bullish mood although RSI or Relative Strength Index is already high. For those who are still holding FGEN may continue to hold until a bearish pattern from candlestick will appear.

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.

One Response to No sign of bears on FGEN

  1. […] continue to move south after hitting our 127.2% Fibonacci Retracement level target (No sign of bears on FGEN). Transfering our fibonacci setup to check where FGEN may possibly go, we could see that around […]

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