FTEK Should I Buy

Not a good buy right now for a beginner long-term investor with $50k–$100k. The stock is in a clear downtrend (bearish moving averages, weakening MACD) and just sold off hard (down ~6.9% regular session), with no company-specific positive news catalysts in the provided feed. If you already own it, I would trim/exit rather than add here; if you don’t own it, avoid buying at this moment.

Trend is bearish. Moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), confirming a sustained downtrend. MACD histogram is -0.01 and negatively expanding, indicating bearish momentum is increasing. RSI(6) is 25.9 (oversold/very weak), which can sometimes precede a bounce, but oversold signals are lower priority when trend and momentum are both down. Key levels: price ~1.34 is below S1 (1.374) and closer to S2 (1.299); a break/hold of ~1.30 matters. Resistance overhead is near pivot 1.496 then 1.619. Pattern-based projection provided suggests near-term weakness (next week expected -3.19%) with only a modest 1-month rebound expectation (+2.05%).