FDBK didn't perform the double bottom I was expecting and instead broke through my target area. I was looking for it to hold at 200MA but it broke through that last week. New low target a possible buy area
Strong resistance at 12.30 tracing back all the way to late 2017. We had a breakout of trend 05/11 but it failed at 12.30 and retraced to previous support/resitance area of 10.0 before bouncing off and making moves upwards to re-rest that 12.30 resitance area and falling short again. Price currently bouncing of 10MA
Support - 10.65
Reistance - 12.30
Looking for ...
Fevr broke out of consolidation to create a new high. I expect another pull back look for it to re-test the 100% fib and hopefully hold 3194. A break below this, could see it push down to the 10MA and ultimately the 78.6% fib which was a key resitance area during March and the first few weeks of May. A hold at 3194 will then target 3542