Aug. 7 at 11:09 PM
$FBIO Please feel free to direct, correct or erect me if I am wrong!
Okay so, we have upcoming earnings that may give us a better idea of what’s happening and what to expect. August 12 I believe.
As far as the share price,
High Beta stock, moves with the market.
Technically, Previous support levels around
$1.80–
$1.85 have not held, and the stock has repeatedly failed to bounce convincingly from these zones.
• This suggests seller dominance and a lack of institutional accumulation.
4. Bearish Moving Averages
• The 50-day and 200-day moving averages are both:
• Sloping downward
• Positioned above the current price
• This implies a longer-term downtrend, with possible resistance forming at those levels during any rebound attempts.
There also seems to be a complex partnership. I don’t friggen know, or do eye?