FI is currently moving slowly after a sharp decline triggered by ER. Technically, the stock appears to be well-supported by the MA20 and the 38.2% Fibonacci retracement level.
Despite the sluggish pace, the chart suggests a potential uptrend. In the first phase, I anticipate a move toward the $140 level, with a possible breakout. Following that, the price may seek support around ~$140 before continuing upward toward $145 in the second phase.
This is a technical observation and not a recommendation to buy or sell.
Despite the sluggish pace, the chart suggests a potential uptrend. In the first phase, I anticipate a move toward the $140 level, with a possible breakout. Following that, the price may seek support around ~$140 before continuing upward toward $145 in the second phase.
This is a technical observation and not a recommendation to buy or sell.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.