$FIL : THE RETEST MUST HOLD BEFORE THE NEXT LEG
FIL is trading around $0.8774, above the previously broken steeper descending line. Buyers need to defend $0.80–$0.86 and establish a higher low before the recovery gains strength.
A daily reclaim of $0.93–$0.96 would bring $1.00–$1.05 into focus. Holding that area would strengthen the route toward $1.15–$1.30, where the main descending resistance and recent swing high remain overhead.
A sustained break and successful retest there would open $1.40–$1.50, followed by the historical $1.65–$1.70 objective.
Daily acceptance below $0.80 would weaken the local setup and expose $0.72–$0.75, with $0.62–$0.65 further below. Stronger daily closes and controlled pullbacks would help confirm whether buyers can sustain the recovery.
FIL is trading around $0.8774, above the previously broken steeper descending line. Buyers need to defend $0.80–$0.86 and establish a higher low before the recovery gains strength.
A daily reclaim of $0.93–$0.96 would bring $1.00–$1.05 into focus. Holding that area would strengthen the route toward $1.15–$1.30, where the main descending resistance and recent swing high remain overhead.
A sustained break and successful retest there would open $1.40–$1.50, followed by the historical $1.65–$1.70 objective.
Daily acceptance below $0.80 would weaken the local setup and expose $0.72–$0.75, with $0.62–$0.65 further below. Stronger daily closes and controlled pullbacks would help confirm whether buyers can sustain the recovery.
