FGR 2.78% 18.5¢ first graphene limited

Chart Thread

  1. 589 Posts.
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    The above is a weekly chart showing a triangular formation of the price action since mid 2017. Fridays action clearly shows on a weekly basis, that the price closed on a new high AND it was on higher than usual weekly volume. This was the 5th weekly attempt around this level

    34 and 100 EMA's are drawn on the chart

    There will be difference of opinion as to where this triangle starts. I'll pick 9.3 c from where it clearly ran to 21c with one 4 week pause. Therefore back of the triangle measures 11.7c

    11.7 c on 21c gives 32.7c and so on as roughly marked.

    This, coupled with FA, such as NICAS, REACH, Washington Summit and apparent customer lists growing just waiting regulatory approvals is, IMO an enticing proposition. But to those not already knee deep in this, DYOR as always.


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