Jun. 13 at 2:09 PM
$FSM
Closed with a hammer just below the 50 EMA, showing buyers stepped in at horizontal support after sustained selling.
However, momentum is still weak:
MACD remains negative
RSI ~46 (neutral to weak)
Bulls defended the level, but haven’t regained control yet.
Key test next week:
A strong reclaim of the 50 EMA would confirm the hammer
Failure to follow through keeps the broader downtrend intact
For now, it’s a support reaction, not a confirmed reversal.
