$FIL is looking a bit dull at this level.
Current price: around $1.05
Down slightly by about 1.1% over the past 24 hours, with light volume
Analysis: It’s stuck around $1.05, with little momentum either way. The last move slid down from around $1.07, with a high of $1.07 and a low near $0.99. So it dropped around 7–8% and then recovered about half of that. Now the price is hovering around the middle, and the light volume suggests nobody is in a hurry to make a move. If it can’t hold $1.05, the next level to watch below is the psychological $1.00 mark, followed by the previous low around $0.99. On the other hand, it needs to hold above $1.05 before it has a shot at testing $1.07. Structurally, it’s a contracting range—one of those tedious phases.
How are you positioning at this level?
Current price: around $1.05
Down slightly by about 1.1% over the past 24 hours, with light volume
Analysis: It’s stuck around $1.05, with little momentum either way. The last move slid down from around $1.07, with a high of $1.07 and a low near $0.99. So it dropped around 7–8% and then recovered about half of that. Now the price is hovering around the middle, and the light volume suggests nobody is in a hurry to make a move. If it can’t hold $1.05, the next level to watch below is the psychological $1.00 mark, followed by the previous low around $0.99. On the other hand, it needs to hold above $1.05 before it has a shot at testing $1.07. Structurally, it’s a contracting range—one of those tedious phases.
How are you positioning at this level?