Should FTM not be able to reclaim the $1.00 level, I could see it dipping towards the next area of support at the $0.48 – 0.6 levels.

However, if we should have overall favorable conditions, I could see it correcting from its current downtrend towards the MA50 and/or its main resistance trend line , before retesting $1.00 again and falling below towards the indicated area of support.

For now I like to wait on the sidelines until I see a clear direction for either case. If you have question, feel free to ask.

Let’s see how this plays out.

Thanks for your support.

Have a good one.