Saturday, February 9, 2013
Fusion-IO Stock Chart Analysis - No Bottom Yet
Fusion-IO ($FIO) is currently consolidating, after a nasty gap down due to disappointing news. The RSI indicator (shown at the top of the chart) is very weak and not showing positive divergence, which is really key for a proper rebound/bounce on $FIO. What may be happening here, is it is consolidating in a bear flag pattern, before it makes makes another leg down. That leg down may provide a buying opportunity.