The narrative will be succinct.
Since the announcement of the merger the FLC share price has been peeling back through various levels of support.
The DAILY LINEAR REGRESSION chart (above) highlights the recent test of the 76c. level.... and consistent closes below this level would encourage further weakness and bring the 64c. & 59c. levels into the frame.
The WEEKLY MEDIAN chart (below) highlights the bearish close below the 86c. level...the support level that was vehemently defended until the actual day of shareholder approval. Cheers.
FLC Price at posting:
77.5¢ Sentiment: None Disclosure: Not Held
The narrative will be succinct.
