FIL Loses Range, Sellers Take Control

If you’re looking at FIL right now, you can see it has clearly lost the range it was holding for so long.

The breakdown looks clean, and more importantly, the price isn’t able to get back inside. That’s a sign of real weakness.

If this continues, you should expect further downside from here, with $0.78 as the next level to watch, and maybe even lower.
Right now, I’d be careful trying to catch a bounce.
Until it reclaims the range, sellers are still in control.