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Looking at FIL's trend, an inverse head and shoulders pattern is brewing. More importantly, the price has rebounded strongly from the lower band of the Bollinger Bands—this is often a precursor to a reversal signal.
If this wave of market movement truly kicks off, the upper band of the Bollinger Bands at $1.66 becomes an interesting target. From a technical perspective, the conditions are basically in place; it now depends on whether the price can hold above the support level and establish an upward momentum. Once this pattern is confirmed, the upward strength is often quite vigorous. The opportunity to go long might be right in front of us.