FIL Pump To 24 % ?

After a 40-day consolidation period within a box range, a breakout opportunity may be imminent. However, a crucial decision arises:

High-Risk Entry vs. Optimal Entry Point

The $6.37 support level provides a risky entry point, but could also be an optimal entry. Conversely, the $6.72 resistance level could provide a more conservative entry, but the price may have started to rise from $6.37 and we may not be able to make a decent entry in the $6.72 range.

Keep in mind that RSI it is in a range that can cause a strong upward movement

Your Entry Strategy:

The decision of where to enter the trade lies with you, exercising sound capital and risk management principles.


This analysis solely reflects my perspective and should not be construed as financial advice. The responsibility for any profits or losses rests solely with the individual trader. I merely identify potential entry points for consideration.

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