Two important things to watch for in this daily chart:
- The breakout of the daily descending channel.
- The bullish moving averages crossover: EMA8, EMA13 and SMA20
if the up trend continues we should expect a close at or above $6.01 on Monday 4/3/17.
Two important things to watch next:
- $FIT had a close on Friday above the weekly descending channel even though the volume did not show a lot of conviction.
- $FIT has traded below EMA8 for many weeks, any trades above it would be a very bullish sign if backed by a stronger volume.
The month of march has closed at the bottom of the monthly channel; from the monthly prospective it looks like the price decline has decreased significantly and might signal a bottom; if so we might see a bounce back to $9.18 by end of may 2017.