retracement for FEA is 16c. FEA hit 16.5 on Thursday and produced a doji in the process. Therefore it is possible that despite the accumulation index showing selling pressure that 16c just might hold and produce a bounce back up toward the 21c region.
imo FEA has just done a very quick version of what the bigger forestry stocks will do over the next few months. ie a consolidation retracement.
Cheers,
FEA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
