Freds Inc. $FRED has flattened in 2018 after a sharp bearish trend since late 2016 through 2017. During this period, when price almost reached $22 a share. After that price fell to about $1.30 in June 2018, price started to settle in a range, where the $3.50 area is resistance. FRED Daily Chart (click to enlarge) Shifting Trend:- As we can see on the daily chart, FRED has shifted from a bearish to a sideways market. - The RSI is no longer held under 60, and is swinging above 70, but still swinging below 30. - Price has also been able to climb above the cluster of 200-, 100-, and 50-day simple moving averages (SMAs). But again, price came back below it in late 2018. - Now in 2019, price is back above the cluster and is pushing towards the range resistance. Meanwhile, the RSI has tagged 70 again and is so far above 40. - I think there are some subtle bullish signs accumulating. - If price for example holds above $2.40, and pushes back towards $3.60, I think FRED will breakout. Upside:- Such a breakout could have significant implication for price. - As we can see on the weekly chart, the 7.70 area was a common support since 2008 (but broke down in 2017). Now this level will be a critical resistance.- Before that, price might get sticky around a support/resistance area in late 2017 around $5.50. Downside:- Now, if price fails to push through $3.60 and falls below $2.20, we are probably looking at more consolidation, with a bearish bias and pressure towards the $1.30-$1.40 area. FRED Weekly Chart (click to enlarge)