$FNSR has held fib support very well in the face of volatility in the market. The support levels include a 50 day Simple Moving Average, an uptrending channel support line and the 0.236 Fibonacci retracement line. Furthermore the RSI is beginning to break out of its range and the MACD is heading into a cross. The ADX also shows that the short term pull back lacks the qualities of a trend and thus trading in the direction of the longer term bullish trend is suitable. A stop around the $20.70 level (below channel and fib support) and a profit target of $23.30 is appropriate for this set up.
