FFX 0.00% 20.0¢ firefinch limited

BGS Chart !, page-1663

  1. 1,388 Posts.
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    I was willing to say I had it right up until about Thursday Friday. But the price has hung on the 0.50 level of support for too long now without breaking it an that's what I was banking on as a confirmation as a break down to 0.46. With this flat trading I think that there is a bit of accumulation going on as there was a lot of pressure to let this thing drop to one of the lower lines I had but it hasn't happened. If you look at one of my previous charts there was a little trend line pointing down sharply over the last week or two that was pushing it down. Now that its broken through that I'm thinking it will sit flat for the next week. The longer it stays here the stronger that 0.50 gets and less likely it is for it to fall through it. This is forming a scallop pattern that I think will spring up past the heavy trend line that is forming the wedge that's containing the PA.

    Imminent means in the very near future and that is a relative term, not a specific term.

    But give the boys a break, since the public lynching of the last BOD these guys have got a lot of work done for us and at the moment the whole lithium sector is going through a cyclical consolidation after all the hype.

    Don't be like last weeks onion cutter; be a winner. Have the patience of a monk and the rifle fast reflexes of a cat.
 
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