FEA
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0.00% 4.5¢ forest enterprises australia limited

Hi gse,retracement for FEA is 16c. FEA hit 16.5 on Thursday and...

  1. AlphaCenturian
    10,543 Posts.
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    27/07/03
    22:27
    Post #: 210222
    Hi gse,

    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
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    lightbulb Created with Sketch.  Great analysis
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