Stock in Focus: First Gen Corp. (FGEN)

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Do you think First Gen Corporation (stock symbol: FGEN) is ready to take a much-needed breather? The stock has climbed with a steady and solid progress since January, and breached the lower band of my target range mentioned in this post.

Philippine Stock Exchange_FGEN Daily chart, March 14, 2014

FGEN Daily chart, March 14, 2014

The TRIX Index is ready to move downward; it will if 18 and the ascending trendline will break.

The initial target is still open and remains at 20. If reached, next is around 24-28. On the downside, retracements should find initial support around 15-16.

Do you have FGEN in your portfolio? Share your thoughts below!

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