FIL just formed a falling wedge on the daily chart. I expect it to break the wedge upside and then breaking the long-term resistance which is overlapping the EMA50. After that I think it will reject the resistance at $53 and bounce back at $40 as a retest to the broken resistance (and EMA50 as well)
Analyses are NOT financial advice; DYOR
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Analyses are NOT financial advice; DYOR
Related publications
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.