FNI: P61.6M NFB Today, Catalyst to Break Above 2.68?
Global Ferronickel Holdings (FNI) has been in a downtrend channel since 2015. It seemed to have hit its bottom in January 2016 but it failed to sustain its ascent beyond 4.29 in 2016. FNI is on a Net Foreign Buying worth P61.6 million today. Is FNI bullish enough to break above 2.68? Here’s what I know.