$FIL Trend Analysis and Trading Suggestions!!
Currently, the performance of $FIL is strong, and its pullback has a lower correlation with the overall market.
Despite a 10% drop in the overall market, $FIL only pulled back to around 7.5 at the 7-day moving average and quickly rebounded from there, demonstrating strong resistance to declines.
At the same time, all moving averages continue to maintain an upward trend, showing no signs of reversal. Therefore, it is expected that after this pullback, $FIL will usher in a new round of increases.
Review of Last Night
Last night, $FIL provided good opportunities for investors to increase positions in the price ranges of 7.9, 7.8, and 7.4. Investors who intervened in a timely manner should have already established a solid position.
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Market Outlook
In the short term, after this pullback, $FIL is expected to gradually rebound, with a target price of around $10. If it continues to maintain a strong trend, it may challenge $15 when the third phase is initiated in the future.
Trading Suggestions
For investors with existing positions: You can continue to hold and patiently wait for the price to rise.
For investors who have not yet entered the market: If the price pulls back to the range of 7.5-7.8, you may consider entering in batches, paying attention to position control and maintaining a prudent approach.
