From the big trend, FIL has been fluctuating at the bottom for nearly a year. During this period, it has also tried to break through, but each time it ended in failure, which shows that the pressure on FIL is still very heavy.
If it rises a little, someone will sell it, and after fluctuating at the bottom for so long, many short-term traders will also take profits at the pressure level. Logically speaking, the longer the bottom oscillates, the greater the room for later rise.
At present, the entire bottom of FIL is moving in a large pattern that tends to be a triple bottom. There are two waves of rises in the entire oscillation zone. The second wave of bullish volume is greater than the first wave of bullish volume, which shows that the bulls are getting stronger. It means that the high point of the entire bottom is gradually rising.
If you want to know specific opportunities and specific decisions, check the introduction
