A Look at $FI's Recent Price Action and Potential Levels

Been watching $FI closely the last couple of days. It had a nice run yesterday, closing at 63.8, but then today it's just nudging above that with an intraday high of 64.18. To me, it feels like it's trying to consolidate around this 63.5-64 area after the bump.

My take is that a sustained break above 64.18, maybe with some conviction, could see it test higher, possibly towards the 65 handle. However, if it loses the 63.5 level, then I'd be looking for a retest of yesterday's lows around 62.67. The risk to any bullish outlook here is a failure to hold that 63.5-63.8 zone, which would indicate this move up might be running out of steam pretty quickly.