FAS broke below its daily 20MA/EMA and closed right at its semi-intermediate term uptrendline. Its daily OBV just broke below its uptrend line, which signals possible breakdown of the price itself from semi-intermediate uptrend line.
If FAS can not bounce from here and break down from here, that would open the door for it to test $66. This will also be bearish to the overall stock market in the mid term.
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