1) For past two years FDO remains in strong side trend deviating in region between 74 USD and 55 USD.
2) At current moment stock price came back to lower part of long term side trend.
3) Weekly and Daily Stochastic indicator shows, that FDO remains in oversold levels, increasing chances for upcoming bounce.
4) Tight trading range suggest that selling pressure remains limited and positions the shares for upcoming move bearing in mind violation of 55 USD support.
2) At current moment stock price came back to lower part of long term side trend.
3) Weekly and Daily Stochastic indicator shows, that FDO remains in oversold levels, increasing chances for upcoming bounce.
4) Tight trading range suggest that selling pressure remains limited and positions the shares for upcoming move bearing in mind violation of 55 USD support.