Hi,
Anyone follow the FGL daily graph? It was a text book bounce downward of its resistance line at $4.74. Now its testing daily support at around $4.66-$4.67. Its right on the line and its all getting rather sqeezy with the triangular formation.
Something will give soon. This type of pattern almost always suggest a sharp move. The direction of the move is usually unknown. Could be up or down. But its recent history shows a succesion of faltering rallies. Technically, it would be an awesome spot to snag a takeover offer! Fundamentally, its very cheap but looks rather bearish on the charts.
Any other views please?
Skippa
Hanging on a thread 'technically'
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 (20min delay)
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.678M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $5.779K | 427.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 163767 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 136822 | 3 |
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FGL (ASX) Chart |
Day chart unavailable
