Technical analysis by SwallowAcademy about Symbol FIL: Buy recommendation (22 hour ago)

FIL has already seen two massive manipulation moves. First the dump of around -78%, followed by a +200% expansion into the upper zones. Since then, price has been moving sideways, respecting the local support zone while repeatedly reacting around the 200 EMA. Right now it’s a clear decision area. A reclaim and hold above the 200 EMA would open the door for upside continuation. On the other hand, a clean breakdown below the local support would shift control back to sellers and open lower levels. We wait for either acceptance above the EMA or acceptance below support before acting. Swallow Academy