Do mean a 4 month cup?
There was a high to 10.5 cents on March 20.
Yes, perhaps that was the start of a cup....
Though I reckon we just saw a short 5 pattern between July 12 to July 24. I reckon we are in a correction 3 pattern now that will have a blip up next week before going down to 8 ish.
I feel it is more likely that if we are seeing a multi month cup pattern, then the cup started on Feb 11 @ 14.5 cents, and that significant positive news as we approach the AGM, will trend FBR up to approx 14 cents before a handle starts to form.
Just some random gibberish.
Ann: FBR Corporate Presentation.pdf, page-379
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