FLC 6.67% 9.6¢ fluence corporation limited

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  1. Fos
    85 Posts.
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    After the action on Friday we now have a good technical set-up for start of a new trend with;
    - Close above upper 1 Standard deviation Bollinger Band (20 days)
    - 9 day (red) Detrended Price Oscillator (DPO) moving from below 0 to above 0
    - 20 day (blue) Detrended Price Oscillator (DPO) moving from below 0 to 0
    - Good volume on breakout

    Last time we had a similar setup was start of Jan, which ultimately failed after spending only 8 days above the upper 1 Standard deviation Bollinger Band.

    Here's hoping the extra volume this time points to a more sustained rally - despite the dismal macro environment.

    https://hotcopper.com.au/data/attachments/2042/2042421-0642e2dbfb5da10a788e51f303f6af61.jpg

    Good luck to holders and massive thanks to the crew of amazing posters on the FLC threads.

 
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