Disclaimer: This is my personal stock chart diary and doesn't suggest any trading tips. Due diligence is a must.

My personal trading mantra: Keep It Simple Stupid

Saturday, May 27, 2017

FIRST GEN CORPORATION #FGEN

FGEN Daily Chart

  • Price broke the short term sideway trendline at 20.89 and revisited its significant support level at 19.40.  If new support will hold, expect price to continue to move sideways.
  • If MACD will remain on the negative zone, previous support (20.89) will now be the new resistance.
  • If price will break 19.40, next support is at 17.60

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