So how have the falling knives stocks been performing over the last fortnight.
It was mixed. YOJ and FZO were notably higher despite not having any material news while BUD and BRN , both which withstood selling pressures earlier on , finally caved to selling pressure.
It would appear that there could have been some nibbling by existing insto holders as rotation of recovery rally made its way to the small and microcaps. But the volumes have not been high and to me represents a selling into strength opportunity for stale investors looking to exit the stocks.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 0 FALLING KNIVES STOCKS Chart Pattern Remarks on 6/12/18 Close on 10/12/18 Close on 18/12/19 Close on 16/1/19 Close on 1/2/19 Close on 15/2/19 1 LVT [/B][LIVETILES] Inverted V Breached 34.5c support 29c, down ~12% A new low of 27.5c reached in the intervening period with a bounce to close at 30c Bounced from bottom to 37.5c on perception of growth Sideways at 39c Declining down to 34.5c post CR 2 FBR [FASTBRICK ROBOTICS] Sideway pattern over 12 mths Breached 14.5c double support 11.5c, down ~15% Sideways at 12.5c after the large fall Hit a low of 6.7c on 11 Jan but strong recovery to 11c likely to be sold into Stabilising in short term at 11.5c, could be turning back down Sideways at 12.5c 3 YOJ [YOJEE] Slippery Slide downward trajectory Likely re-test of 6.7c 52 week low 6.9c, retest on the cards Sitting at its 52 week low support of 6.7c which may be retested Sitting near 52 week low at 5.8c Staged an unexplained recovery to 6.8c on higher volume Big jump to 8.9c on no material news 4 FZO [FAMILY ZONE] Inverted V Likely re-test of 25.5c 52 week low 25c, breached 52 week low at 22c CR sees it hit 52 week low of 19.5c New 52 week low at 17c Unexplained big jump to 22c on thin volume 5 EN1 [ENGAGE BDR] Waterfall [Ever Falling] 52 week low today 3.5c, no more trades New 52 week low at 2.8c Crash! A further 57% fall to 1.2c from a month earlier Falling from a knee jerk recovery @ 2.8c Back down to 2.3c 6 9SP [9 SPOKES INTL] Waterfall Heading back to its 52 week low 1.9c, down 9.5% today Maintaining at 2c Crash! A further 35% fall to 1.3c from a month earlier Further falls to 1.2c 1.2c close with 1c 52 week low earlier 7 AXP [AIRXPANDERS] Giant Waterfall Heading back to its 3c 52 week low 3c close all time low A new low of 2.4c reached in the intervening period with a bounce to close at 2.7c Recovery to 3.1c, volatile movement Back to 2.9c Recovery to 4c 8 BUD [BUDDY PLATFORM] Inverted V Sideways Consolidation, next downleg could be soon 10c support caving in 10c support caved in and now at 9.4c with thinning demand volume Hit a low of 8.2c on 21 Dec but good recovery to 10c likely to be sold into Suspended pending announcement, could be in for a due fall next week Down to 7.8c following release of acquisition news 9 EDE [EDEN INNOVATION] Slippery Slide downward trajectory Sitting on 7c support for possible leg down 6.8c , 7c broken New leg down at 6.4c Sideways at 6.6c Back to declining ways @ 5.7c Downtrend @ 5.4c 10 BLA [BLUE SKY ALT] Giant Waterfall Heading back to its 96c 52 week low 98c, heading back to all time low Crashed to 79.5c ! Still in the pits at 73.5c after crash Sitting there at 72c Earlier recovery failed and now @80c 11 FGO [FLAMINGO AI] Inverted V on steep decline Heading back to its 1.4c 52 week low 1.2c, 20% down today and new 52 week low Strong uptick recovery to 1.9c Back down 20% to 1.5c New 52 week low at 1c but closed at 1.1c Recovery to 1.5c 12 BRN [FLAMINGO AI] Declining W pattern Heading back to its 11c 52 week low 12c 12c Eventually caved in, down 25% to 9c Continued to fall @ 8.8c Large fall to 7.5c (52 week low @7c) 13 LVH [LIVEHIRE] Inverted V Respite today 49c Recovery to 53c albeit wide gap trade Still handing in there at 57c Back down to 52c Hovering @55c
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So how have the falling knives stocks been performing over the...
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