Stuck in no mans land......a constant seller trying to shake the tree of weak holders, and a building interest in the story behind FLC providing more support in the stock....who will win, I am not sure in the short term....we await further news and the AGM.
However, if there is to be another tree shake before we get more news and/or the AGM, the next few days would be the opportune time. The MACD is negative, and the DMI is neutral atm. The breakout area, the gap on the chart at 40.5c and the 61.8% retracement point of the last rally are all providing some downward pressure, but the story behind the stock is providing upward pressure.
Long term I expect the story to win, but I dont rule out a visit to low 40's in the shorter term.
IMHO
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