FGL 0.00% 6.0¢ frugl group limited

Hanging on a thread 'technically'

  1. 1,288 Posts.
    lightbulb Created with Sketch. 15

    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?

watchlist Created with Sketch. Add FGL (ASX) to my watchlist
(20min delay)
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
Last trade - 10.57am 09/04/2021 (20 minute delay) ?
FGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.