He's wrong. The chart is very strong upward. It gets away from certain averages, then tests them periodically. Yesterday it tested the 20 ma, Hit it, then bounce right back. Look at the 20ma. It's trading beautifully off it
FITX daily chart just touched the 20-DMA for the first time in two months. That 20-DMA may be tested again here, but I'm guessing we'll see a bounce off that major moving average and it will act as support for a while. Notice the volume that came when the price hit the lower .08's yesterday, pushing it back upwards. We shall see.