After a period of very bearish activity, FLN appears to be consolidating within a longer-term downtrend. The Average Directional Index, or ADX, is below 20, indicating that shares have traded sideways recently. FLN is trading above its 20-day simple moving average, which is normally considered to be a bullish sign. FLN's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0.
A return to substantial revenue growth in the upcoming quarterly could begin a reversal of trend. A very interesting moment in the history of FLN. Potentially a turning point...
GLTAH
FLN Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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