FAS fairstar resources limited

fas chart, page-7

  1. 5,396 Posts.
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    Well this is where TA come into it.

    The SP has risen significantly up from 3c. Anyone who bought low is in profit, so people will be looking for a quick profit.

    Longer holders will be looking to buy more and then there is the new holders coming in.

    A steady stream of news will break the resistance and set a new level of support. A $300m finance deal would definitely put a fire under the SP and then all teh regular announcements that go hand in hand with developing a project with no shortage of cash, will keep things chugging along
 
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