$FIL Watch for the Rebound!

Market Update:

• Current Price: $4.418 (-7.61%)

• 24H High: $4.777

• 24H Low: $4.250

• Volume: 17.10M FIL

Technical Analysis:

1. Moving Averages:

• MA(7): $4.352

• MA(25): $4.465 (acting as immediate resistance)

• MA(99): $4.236 (strong long-term support).

2. Recent Drop & Recovery:

• FIL saw a sharp rejection near $4.878, triggering a sell-off.

• However, buyers have stepped in at the $4.250 level, pushing prices back above the MA(7).

3. Volume Analysis:

• Increased volume during the recovery phase suggests potential strength in this bounce.

Outlook:

• Bullish Scenario: A break above $4.465 (MA25) could target $4.63 and then $4.77.

• Bearish Scenario: Failure to hold above $4.35 may lead to a retest of $4.25 or even $4.10.

FIL holders—keep your eyes on these levels! 📊

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