FAR 2.97% 52.0¢ far limited

Ann: FAR Limited 'Breakthrough Company of the year'-FAR.AX, page-15

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  1. 10,471 Posts.
    lightbulb Created with Sketch. 1051
    As suspected the reaction to the converging DT and UT channel was a positive one. Now the MAs kick in MA 200 at 8.1, bollinger bands at 8.1, Finish above 7.9 and is a start but even better is to churn thru to above 8.2 with a retest to support strength. Then we can see a new ST UT forming to determine steepness while being relieved that as we thought LT UT will be intact. Much better volume too. Also remember nothing goes up in a straight line, so do not expect it to. If it doe it is a bonus. What we now need is support to shift. MACD converging and indicators coming off lows. The big question is whether this is a relief rally or something substantial. The positive when indicators come off oversold is there is plenty of room to run. I expect MACD to cross over if we end in the green. No gaps should enact some alerts in trading programs.
 
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