FIL has recently fluctuated between $5 and $6.77, indicating that bulls are trying to build a bottom. On June 7 (US time), bulls tried to push FIL prices to the upper resistance level, but a long upper shadow appeared, indicating that bears are strongly guarding the resistance. However, the positive sign is that FIL remained above two key moving averages that day.

If FIL can rebound from the current price and break through $6.77, it indicates that a new round of gains is coming. FIL may rise to $8.54 and then challenge $9.35; on the contrary, if the price falls sharply from the upper resistance level, it means that $FIL may fluctuate in this range for a longer time.