I almost bought $FIL today. Then I checked the volume, 0.6x average
Price sits at $1.0298 down 3.4 percent on the day
That move is sitting right at 15 percent of the 24 hour range
Volume is dead at 0.6x the 7 day average so this drop lacks real weight
RSI on the hour is down at 33 showing heavy drift
I need an hourly close and hold above $1.0993 to show actual strength
Or I need to see a pullback that holds $1.0180 and bounces clean
It could keep running without you and a bad entry costs more than a missed move
Chasing $FIL here, or waiting for 1.0180
#FIL #RiskManagement
Price sits at $1.0298 down 3.4 percent on the day
That move is sitting right at 15 percent of the 24 hour range
Volume is dead at 0.6x the 7 day average so this drop lacks real weight
RSI on the hour is down at 33 showing heavy drift
I need an hourly close and hold above $1.0993 to show actual strength
Or I need to see a pullback that holds $1.0180 and bounces clean
It could keep running without you and a bad entry costs more than a missed move
Chasing $FIL here, or waiting for 1.0180
#FIL #RiskManagement