Hi Moosie_900,
Yes you are 100% correct and a great analogy of the above chart. I also agree that there is major resistance between the $2.20 - $2.50 range.
In fact FXL had traded between that range from 20 May 2016 - 5 May 2017 and then the major down trend from $2.40 down to a low of $1.54 over 7 days.
I tend to think that we are in an uptrend at the moment and if FXL is able to push through the resistance of $2.50 this will be confirmed and possible return to the $3.50 - $5.00 range.
We need to trust in our management to continue this welcome return to a healthy number.
Cheers Rubes
FXL Chart, page-2
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Last
85.5¢ |
Change
0.005(0.59%) |
Mkt cap ! $420.4M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 86.3¢ | 83.5¢ | $739.8K | 868.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5052 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 7500 | 1 |
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