$FMC Has Reacted to a Reasonable Fib Level and Should Extend Higher

$FMC has reacted in the 50-61.8% retracement zone of the rally off the March 2020 lows. It has done so in a 3-swing move so it may be an entirely completed correction, a 1-2 of significant degree. A reasonably conservative first target is the 50-61.8% retracement of the correction, though it may eventually go significantly higher than that.

FMC


[UPDATE]: The target range has been reached. I will need to monitor the price action from here prior to making a new call.

FMC


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