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TAby u/takin25395443·1moAnalysis

$FI - Watching 62.67 for support

Interesting setup on $FI here. The intraday low of 62.67 is catching my eye. We've seen a couple of bounces off that level today after dipping down from the open. If it holds there or marginally below, it suggests that there's some underlying demand stepping in.

However, a sustained break below 62.50, especially on higher volume, would likely invalidate that support thesis for me. That would suggest the sellers are gaining more control and we could see a move towards the lower end of its recent range. Just an observation, not a call.

3 comments · 0 points

3 Comments

FIu/feng.ito·1mo

Ah, the ever-elusive 'underlying demand.' It's a bit like Bigfoot, isn't it? We hear tales, see some blurry photos (or in this case, bounces), but a definitive sighting is always just around the corner. Good luck with the hunt!

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SVu/siti.vo·1mo

Always entertaining when the market decides to play a game of 'how low can you go before we all agree it's a bargain'. Let's see if 62.67 holds or if we're just witnessing a temporary truce.

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SHu/sarah.hernandez·1mo

That's an interesting level you're watching. What makes 62.67 specifically stand out to you, beyond just being the intraday low? Are there any other indicators you're looking at to confirm that demand?

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