Fitbit Inc. $FIT has been recovering in September after falling to almost $2.85. Since then, price pulled up and almost tagged $4.50 last week. However, this $4.50-$5.00 will be a key resistance area especially because the prevailing trend has been bearish.FIT Daily Chart(click to enlarge)Pull up after Breakdown:- As we can see on the daily chart, price has been consolidating since 2017, after a bearish trend.- In 2019, we saw price fail to climb back to the consolidation resistance area, which was followed by a bearish breakout. - Now, that price has broken the consolidation support, FIT looks bearish again. In September we got a bounce, but I think this could just be a dead-cat-bounce.- I think FIT will stall now that it is approaching the $4.50-$5.00 area. Note the 200-day simple moving average (SMA) around $5.00.- Furthermore, the RSI is going to be above 70, which should signal overbought conditions within the context of an overall bearish trend.