FIL reaching top of the channel - breakout?

Updated

FIL rallied up until beginning or April and we are still in correction phase.
But the trend will soon reach the upper channel border and then we will see ether a breakout or a dump.
Bollinger bands getting tighter but let's wait for the breakout and retest.

Trade active

FIL successfully broke out of the channel and the retest was also positive. Good chance that it will go to $39. Otherwise it could also go sideways for a while.

Trade closed: stop reached

not sure where thos $39 came from but next (long) targets are:
0.618fib @171 or 1.618fub @192.

But now that it dumped we have to see if it breaks the resistance line gain.
trade closed for me now.

nicontrade

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