Charts: FNI

FNI has been requested by one of the members in one group in Facebook for me to cover, so here's my brief analysis with regards to FNI.

FNI is still in a tight range for now, and considering the regulatory views of miners in the Philippines due to the strict implementation of DENR led by Gina Lopez, you should watchout carefully how the trade unfolds.

Figure 1: FNI Parameters

As far as my memory serves, this is one of the hyped stocks few years ago, were many investors are left crying with losses up to 100%. The key level to break for FNI is at 0.86 ~ 0.88 with big volume. Last Friday's close generated a volume buzz on my watchlist, and three (3) crossover signals which can be issued as a buy signal. Be cautious though as this is an exotic stock, and is mostly played in the market.

If you are a trend follower, please avoid this stock. For a momentum perspective, avoid this stock also. Watchout for volume buzzes so you can spot on potential returns on this stock.

Figure 2: FNI Ichimoku

Stock name	FNI
Current Price	0.86
YTD Return	24.64%
52Wk High	1.34
52Wk Low	0.46
MVWAP (10 days)	0.84
MVWAP (20 days)	0.84
MVWAP (65 days)	0.86
MVWAP (252 days)	0.87
YTD Flow	583,543,360.00
20D Ave Volume	10,481,300
50D Ave Volume	17,232,140
90D Ave Volume	33,159,256

CAVEAT!

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.

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