Hi Freehold and Hotazel - agree 4.2/4.0 is a buy zone. I say that because of the congestion points that Freehold mentions and the natural bounce for that tweaky double top. This action shows that there are a lot of traders playing FAR with aggressive momentum runs and tight stops. It hasn't a lot to do with fundamentals, more opportunistic moves while time plays out. IMO the risk/reward is favorable at this level. Will be very surprised if we see 3.7. I think the SP wants a retrace to 4.8. Just IMO.
guesstimates of far's sp when first well spuds, page-108
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Last
47.5¢ |
Change
0.010(2.15%) |
Mkt cap ! $43.89M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 48.0¢ | 46.5¢ | $13.86K | 29.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18200 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 1800 | 1 |
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| Last trade - 13.46pm 18/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |