First Gen Corporation #FGEN

FGEN MONTHLY CHART

• Moving in uptrend channel.
• 50MA is flat.

FGEN WEEKLY CHART

• Possible scenario #1: May bounce from support area near 20 before breaking the symmetrical triangle.
• Possible scenario #2:  May return to support area near 16 before breaking the symmetrical triangle.

FGEN DAILY CHART

• From its lowest point near 17 area to its highest peak near 26 area, price retraced and seems to hold around 61.8% or 21 level.
• MACD indicator is very weak, possibly price may return to support level around 21.
• Wait for sign of reversal.
• One of COL Financial's stock pick with FV of 32.20