Stock Price Prediction

FMTO stock is currently trading at $5.17, showing bullish momentum with a 59.3% gain recently. The stock's RSI of 65.67 indicates it is approaching overbought territory, but strong institutional backing from a $17 million private placement at $4.17 per unit supports further upside. With a Fibonacci resistance at $8.23, FMTO could target this level if momentum sustains.

FMTO stock currently trades at $5.17, down from its recent high of $5.64. The bearish view stems from its recent private placement at $4.17 per unit, which may dilute shareholder value and cap upside potential. Additionally, the stock's post-market decline of 8.38% suggests weak investor sentiment.