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10,543 Posts.
2
11/02/03
18:27
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Looks like it will probably rise back to retest resistance around $4.47 before another fall.
This time the downside supports will be $4.31, $4.21, $4.14 from which it bounced on the 5/2 then $4.05 before finally making its way to $3.80.
Were it to break through $4.47 then next resistance would be $4.90.
I think the later possibility is unlikely as the downward trend in FGL is very clear.
Just my opinion as always.
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