Technical analysis by JPNovais about Symbol FIL: Buy recommendation (6/12/2024)

ATM my first fib analysis on the recent bull run, FIL holds at the 0 lvl. On the broader scenario, the trend-based fib is holding pretty greatly the 0.382lvl. Joining both fibs, the fact that volume has stabilized and interest rates remain the same, they intersect pretty well where we are now.I'm all for FIL (I got 110FIL), but it's not looking good atm, despite what I've been preaching here, with my "ideas". It broke the 5,28 lvl and that's not very good in the short term. Hope BTC doesn't drag it further down with it. Despite that, volume is lowering so is the price, which might indicate a reversal in the medium term, and because the RSI is at 33.68 on the daily those are some signs it might reverse the tidal.