For MACD's fans, $FNI flashes a "buy signal" last 22 August. The stock is still in a downtrend. It is uncertain if its base formation is already complete. Price is already tight, but it is still good to observe and wait for sellers' exhaustion. Remember that the price of nickel in world market is still down and the mining sector in Philipine stock market is also unpopular. Those who bet for a bottom and a potential trend reversal could closely watch this stock before entering. As for me, once the stock returns and closes below 1.98, I will take that as a signal that I am wrong and will exit immediately.
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