FILE Stalls at $1.00 as Momentum Fades

FILE is pressing against its upper Bollinger Band at $0.99, but momentum has flatlined according to the MACD histogram, which reads zero.

The smart money is sitting at a long position of 68%, with top traders holding a ratio of 2.12 and retail investors also largely long.

However, despite this bullish sentiment, FILE's price movement suggests caution, as it has reached the $1.00 psychological level and may be due for a mean reversion back toward its midline at $0.85.

A rejection at this level could send FILE back to test support at $0.96, then $0.94, and ultimately $0.88 within two weeks.