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FARM has recently experienced a step-like recovery trend. The price is currently around 20.53, having already bounced up from the previous low of 18.86.
From a technical perspective, it’s now above the 99-hour moving average (( around 20.10 )), but it's still stuck below the short-term and 25-period moving averages (( both in the 20.64-20.65 range )). This position is a bit awkward—it looks bullish, but hasn’t fully confirmed yet.
Looking upward, if it can decisively break through the 21.00-21.20 range, then the upside potential opens up, with targets at 21.8 or even around 23.3 (( it previously spiked up to that level )).
On the support side, recent support is right at the 99-hour moving average, around 20.10. Stronger support would be the swing low at 18.86. Volume data shows there was indeed increased buying during the rise, but lately, trading volume has shrunk a bit.
So, can the rally continue? The key is whether the price can hold above the short-term moving averages. If it holds, there’s potential. If it breaks below, it’s time to reassess.
Let's wait for a breakthrough and see how 21 performs.
When volume shrinks, every spike is just a feint.
20.64 needs to truly break? Only then does it count—anything said now is pointless.
It's not about being bullish or bearish, just waiting for a confirmation signal.
18.86 is still providing a safety net, at least I can sleep soundly.