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?????
FGL Price at posting:
$4.41 Sentiment: ST Sell Disclosure: Not Held