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Is FMFC gaining bullish strength? Crossed Above 20 Day Moving Average shows up after rallying 140.99%
On Friday, July 31st, FMFC moved up 140.99% while volume was to 30.7× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Crossed Above 20 DMA and Crossed Above 50 DMA and Expansion Breakout and MACD Bullish Centerline Cross and MACD Bullish Signal Line Cross and Directional Movement Crossover Bullish and Expansion Pivot Buy Setup and Pocket Pivot suggesting upside potential, while 200 DMA Resistance and Shooting Star Candlestick indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 0.11, -0.31 & -0.84, with resistance at 1.05, 1.58 & 2.0.
Current SwingTradeBot Technical Rating of FMFC: D
This might just be the start. See what else showed up for FMFC today.
Read full article here »