FGL 0.00% 1.4¢ frugl group limited

green in a sea of red bring on the takeover, page-11

  1. 2,463 Posts.
    It went down lol

    Didnt get to short it today bloody comsec platform locked up just as about to enter - only know two things about FGL - they make beer and are exposed to USD.

    As I understand it, FGL gains "extra" profit from rising USD when converted to AUD but US $ looks to be throwing a gravestone doji on on weekly chart - bearish divergence on the daily and falling out of trend channel on the daily - if USD falls the "extra profit" FGL gets from high USD is also reduced?????
 
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