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.
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!