$FIL 's recent -7.079% decline brings it near the lower Bollinger Band at 2.743, signaling potential overextension and a possible rebound. With support at 2.767 and resistance at 3.031, traders should monitor this level for potential reversal. Volatility appears to be contracting, indicating a potential range-bound market ahead. A prudent risk management strategy would involve setting a stop-loss just below 2.743. Consider waiting for confirmation of a bounce off the lower band before entering positions or set alerts for a break through resistance.
