Hi,
Anyone follow the FGL daily graph? It was a text book bounce downward of its resistance line at $4.74. Now its testing daily support at around $4.66-$4.67. Its right on the line and its all getting rather sqeezy with the triangular formation.
Something will give soon. This type of pattern almost always suggest a sharp move. The direction of the move is usually unknown. Could be up or down. But its recent history shows a succesion of faltering rallies. Technically, it would be an awesome spot to snag a takeover offer! Fundamentally, its very cheap but looks rather bearish on the charts.
Any other views please?
Skippa
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.81M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $2.1K | 35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75569 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 16111 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75569 | 0.059 |
1 | 17241 | 0.058 |
2 | 433953 | 0.057 |
1 | 100000 | 0.056 |
4 | 47599 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 16111 | 2 |
0.062 | 25000 | 1 |
0.063 | 50000 | 1 |
0.064 | 660 | 1 |
0.065 | 100000 | 1 |
Last trade - 10.57am 09/04/2021 (20 minute delay) ? |
FGL (ASX) Chart |