FIL taking off
FIL has started to trend upwards with a huge influx in volume having gained near 50% in 2 days.
PA failed to break the low set on 24th January after mitigating the last daily supply zone. There was a nice build up of bullish divergences on the RSI and MACD showing signs of strength coming back on the low and has since reversed after faking out the low and breaking out of downtrend resistance. Price has broke weekly structure to the upside and taking out the supply above.
I think price may continue higher to mitigate the extreme daily supply zone of the last impulsive move down, from there a pullback back into demand zone that formed prior to the impulsive leg to the upside and probably see a trend reversal on the HTF with HH and HL formation.
Something I’ve been watching and DCAing on the last few weeks. FIL has great fundamentals and price action looked great on it!
FIL has started to trend upwards with a huge influx in volume having gained near 50% in 2 days.
PA failed to break the low set on 24th January after mitigating the last daily supply zone. There was a nice build up of bullish divergences on the RSI and MACD showing signs of strength coming back on the low and has since reversed after faking out the low and breaking out of downtrend resistance. Price has broke weekly structure to the upside and taking out the supply above.
I think price may continue higher to mitigate the extreme daily supply zone of the last impulsive move down, from there a pullback back into demand zone that formed prior to the impulsive leg to the upside and probably see a trend reversal on the HTF with HH and HL formation.
Something I’ve been watching and DCAing on the last few weeks. FIL has great fundamentals and price action looked great on it!
