Ruthless Short Attack Returning PPS to 0.618 Fib Support.It's been a ruthless and bloody 7 solid days of short attacks on FE stock since hitting a post drop high around $30.20. Share price promptly rejected the $30.00 range, which is also the 30 year base support, and is now currently trading without an identifiable support level.
Short selling is likely to continue until price per share tests the 0.618 Fib support level around $27.40. If support fails, Stock could retest crash lows around $23.00.
Because of the ruthless short selling pressure, and uncertainty with pending FBI bribery investigation, personally I'm going to avoid the stock for the foreseeable future.
