marco,
Yes you are correct.Its hard to see any rally on the horizon.2 years ago FAR had a nasty crash when the company
had 658 million shares on the register and fell from .13 to.05.Stayed in a trading range between .038 and .055 for around 2-3 months and then rallied up to .08.
Now FAR finds itself with 1.245BN shares and a crash from .082 down to .041.The pressure from those extra shares,the present unstable financial scene and a company with big aspirations,but finding it difficult to carry out those plans lends to the uncertainty.
Some punters may consider .042 a good entry,however I am not so sure.Just eye-ball the chart posted a few posts back and you can clearly see there is possible further weakness in the present retracement.
look far ahead, page-9
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
View Market Depth
| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |