Hi Golden6,Here's my chart on FMG. Note that the price has...

  1. 521 Posts.
    Hi Golden6,

    Here's my chart on FMG. Note that the price has closed today on the 1.382 Fib line of the green pitchfork. If that level fails to provide further support, there are two significant lines close below - the median line of the down sloping red pitchfork and the rising, long term support line I have drawn in black.

    While it looks imminent, the red EMA 8 line has yet to cross down over the purple EMA 41. It may yet bounce off it as it did on Tuesday, but a cross seems more likely. However, I would be surprised if the price did not find support at either the red or black line mentioned above, in the near term. Good luck!

    Regards,
    Bones
 
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