In this critical bearish
period on the NSE market, one of the stocks that is still "not following the general downtrend" is FCMB
in the banking sector. For the past couple of weeks, 1.55 level have been rejecting any attempt for price to move the stock price below this level.
Will this level continue to keep the bears at bay or will it be violated?
A buy entry at 1.55 seems reasonable while the market continues its downtrend journey...