FIL Temporary Retrace about to happen
We just had two awsome pumps on FIL, and as much as I want it to keep pumping, the ascending wedge during an uptrend can be a sign of a looming reversal. The bottom of the trend line was broken once (by me, sorry folks, I panicked) at $10.54 and we are hitting resistance at $10.80. If the candel falls below the bottom line of the wedge again, it could be a retracement back down to the $9.90 range or worse $8.90. So tread lightly.
Commento:
