But perhaps 24hrs @ 7 day week it might take a cupla weeks....
and I certainly hope it doesnt lay walls like it lays chart patterns......
that was a bit of a shocker last night picking up volumes as it dropped...
this quote is from "BuysellSignals" via Bell Direct after yesterdays close......
"Fastbrick Robotics in its biggest weekly loss in 3 weeks Fastbrick Robotics Ltd, Australia's largest Machinery/Industrial Goods company by market cap, has tumbled 0.20c (6.9%) from its last trading session of August 08 to close at 2.70c. Compared with the All Ordinaries Index which rose 11.0 points (0.2%) in the day, the relative price change was -7.1%. The fall was exacerbated by extraordinary volume of 3.6 times the average daily volume of 3.4 million shares. In the past week the shares have dropped 3.6%, the biggest weekly fall since July 18."
Volatility The stock traded between a five-day low of 2.70c and eightday high of 3.10c, suggesting a trading opportunity between peaks and troughs. Today its volatility of 14.8% was 6.6 times its average volatility of 2.2%. A price fall on high volatility is a bearish signal. The average daily volatility of 7.6% places the stock in the 1st quartile in the market meaning it is highly volatile. Volume There were 12,217,261 shares worth $A329,866 traded. The volume was 3.6 times average trading of 3.4 million shares.
Bullish Signals
In the last 11 trading sessions there has been a net rise of 12.5%; the stock has advanced thirty two times and the biggest one day rise was 34.8% on July 29. • The price soared 12.5% in the last month. This has been propped up by robust volume of 1.7 times average for the month. • Compared with the All Ordinaries Index which rose 6.0% for the month, this represented a relative price increase of 6.5% for the month. • The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1, six times suggesting further upside. The 50-day EMAP has increased to 2.55c. An increase is another bullish indicator. • The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 0.03 minus the 26-day EMA of 0.03 is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal. • The Price/MAP of 0.71 for FBR is higher than the Price/MAP for the All Ordinaries Index of 0.1.
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My view is a (not so steady) recovery to another technical breakout attempt above 31 is underway ..todays VWAP although still on low volumes is .296..
stoploss raised to 27..
The Bottom chart is the intraday pump and dump from 29/07
an approximate visual shows the VWAP since that time appears just below three...
View attachment 217566
(20min delay)