$1.98 target reached and slightly exceeded. A bit of profit taking above $2.00 including by myself and now a very similar sell down to the last time with a drop in volume followed by a couple of hours of increased volume and a big red bar to shake the tree right down to the 1 hour 65ema. There's a small bearish divergence on the hourly MACD too. No divergence on the daily chart with MACD and price recently pushing to new highs which is great, I believe we will see a divergence on the daily chart at the top of the wave.
If it can set up here, supported by the 65 ema with a MACD and trendline break similar to the prior one I have some additional wave 3 targets there for the weekly trend. If it fails to find support here it may head back to the $1.40-1.50 area and look for support on the daily 65 EMA around there before progressing higher.
1 hour chart
Daily chart
FND Price at posting:
$1.92 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)