Trend is still up. We are seeing a classic consolidation pattern within an uptrend, which will probably take a few more weeks to play out. Ascending triangle is a bullish continuation (sometimes reversal) pattern. Whilst I think charting is more of a windsock than a weather forecast, the most likely scenario is for the patterm to complete in the weeks ahead before break-out. Fundamentals probably support this in my opinion. People will see what they want to see. Time will tell.
FDM Price at posting:
$1.17 Sentiment: None Disclosure: Held
