$FMC May Extend Higher

17 Eyl 2021

FMC has reacted in the 50-61.8% retracement zone of the rally off the March 2020 lows. It has done so in a 3-swing move so it may be an entirely completed correction, a 1-2 of significant degree. A reasonably conservative first target is the 50-61.8% retracement of the correction, though it may eventually go significantly higher than that.