F&N is current trading in a Triangle. Upside capped at the Triangle Resistance and 200D MA resistance between $5.90 and $5.95. Base on current chart, downside risk is higher than upside potential as the 200D is trending down in additional to current poor world economy and debt crisis. Breaking down from this Triangle will send F&N to the price target of about $4.75.
Tags: Symmetrical Triangle