FGL 0.00% $5.38 foster's group limited

$4.50 supp/res

  1. 668 Posts.
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    Between July 02 and today, $4.50 has alternated between support and resistance for Fosters.

    FGL may not close above the current intra day high of $4.51 and it may not even close above $4.50, but the fact that the stock has pushed through $4.50 at all, augurs well for a further advance over the coming weeks.

    This stock has a history of moving as fast an elephant with three legs, so no dramatic rises are foreseen, but I do have an initial target of $4.75, followed by $5.

    As always - one dudes view only (hopefully not through rose coloured glasses because I have money in this one)
 
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