$FIT Update July 20, 2017

Daily Analysis

The daily candlestick analysis report is showing a 79% probability $FIT will close lower than the previous close. The price target is $5.72 if it closes lower; in the other hand, if the bulls prevail, the price target is $5.87 (checkout the Daily Projections Chart below)

Daily Candlestick Analysis

Daily Candlestick Analysis

 

Daily Projections Chart

Daily Projections Chart

Weekly Analysis

The Weekly Projections Chart is showing a strong resistance at $5.77. The candlestick analysis is showing a 63% probability $FIT will close the week higher than last weeks close of $5.77; if it does the price target is $5.95. If the bears have the upper hand this week the price target is $5.59

Weekly Projections Chart

Weekly Projections Chart

Monthly Analysis

The Monthly Projections Chart is showing a price target of $8.49 (+47%) if the earnings are good. If not the price target is $4.17 (-28%) . The Monthly High and Low Analysis table is showing a high of the month at a minimum of $6.31 considering $5.12 is the low of July 2017.

Monthly Projections Chart

Monthly Projections Chart

Monthly High and Low Analysis

Monthly High and Low Analysis

Generated by Daily Trader Toolkit

$FIT closed at support line today 6/15/2107

It also closed at the tip of a falling wedge. Now it has to break one way or the other. let’s hope to the upside.

$FIT Daily Chart

$FIT Daily Chart

Generated by Daily Trader Toolkit

$AMD what to expect tomorrow 6/13/2017

$AMD's candlestick pattern analysis

$AMD’s candlestick pattern analysis

shows a 81% odds for a drop tomorrow

In case of a drop the price target at close will be $11.68 see $AMD daily projections chart below

$AMD daily projections

$AMD daily projections

Generated by Daily Trader Toolkit

$FIT what to expect tomorrow 6/13/2017

$FIT daily candlestick pattern analysis shows a 100% odds for a drop tomorrow 6/13/2017

$FIT daily candlestick pattern analysis

$FIT daily candlestick pattern analysis

in case of a drop the price target at close is: $5.17

$FIT daily projections

$FIT daily projections

Generated by Daily Trader Toolkit

$FIT weekly chart review

$FIT should find support at the red line which has a value of 5.29 for this week. If we get a bounce $FIT should run up to high $6s or low $7s. In case of a breakdown it will easily head to low $4s (see monthly chart below)

$FIT Weekly Chart

$FIT Weekly Chart

$FIT Monthly Chart

$FIT Monthly Chart

Generated by Daily Trader Toolkit

$FIT Today’s Forecast (6/6/2017)

The $FIT daily candlestick analysis shows a 73% odds for a day close above yesterday’s close.

$FIT Daily Candlestick Analysis

$FIT Daily Candlestick Analysis

The price targets for 6/6/2017:

  • Up: $5.76
  • Down: $5.34
$FIT Daily Projections

$FIT Daily Projections

Generated by Daily Trader Toolkit

$FIT Weekly Candlestick Analysis – Big drop ahead

When the weekly candlestick pattern of$FIT is compared to $IBM and $AMD historical patterns, the best matching patterns show a large drop on the next week. The below screenshots speak for themselves.

$IBM Weekly Candlestick Pattern

$IBM Weekly Candlestick Pattern

 

$AMD Weekly Candlestick Pattern

$AMD Weekly Candlestick Pattern

$FIT weekly price target in case of a drop is $4.67

$FIT weekly Price Target

$FIT weekly Price Target

Generated by Daily Trader Toolkit

$FIT Monthly High & Low Table – May 2017

Projected LOW was 5.38 for a HIGH=6.80

$FIT Monthly High and Low Tables

$FIT Monthly High and Low Tables

Generated by Daily Trader Toolkit

$FIT Daily Chart 5/25/2017

$FIT closed at the top line of the descending channel. Any close below it ($4.32 on 5/26) will send the price quickly down to $4.68

$FIT Daily Chart 5/25/2017

$FIT Daily Chart 5/25/2017

Generated by Daily Trader Toolkit

$FIT Weekly Projections

$FIT weekly up trending channel still intact. next week we have to see a close above $5.60 to preserve it.

$FIT Weekly Chart

$FIT Weekly Chart

based on the monthly High/Low Table $FIT shouldn’t go lower than $5.58

$FIT Monthly High / Low Analysis

$FIT Monthly High / Low Analysis

Generated by Daily Trader Toolkit