- Historically FBR trends have respected all Descending Triangle Formations
- The blue shaded area represents the Orange Descending triangle size, which projects the fall size
- There appears to be strong support at 2 cents, this could take a crack before pushing though
- There's a gap at around 1.8 cents which will be the magnet to be filled once 2 cents falls
- Not much upside fundamentally as Management are stalling with signs they're not ready to build
- Capital Raise around the corner, this could be the catalyst sends the price to or beyond previous lows
Its tough to say how the trends will act around the 2 cent level to begin with as there could be some resistance, once breached it should be a clear path to previous lows
Good chance the descending triangle will be tested after first break downward
AIMO, DYOR
Link to Trading View Idea:
https://www.tradingview.com/chart/FBR/gIBfFMVl-SHORT-ON-FBR-4hr/
Previous HC posts:
- https://hotcopper.com.au/posts/44299256/single
- https://hotcopper.com.au/posts/44150703/single
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Last
4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $178.1M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 3.9¢ | $826.2K | 19.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 191169 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 762777 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 191169 | 0.040 |
5 | 396218 | 0.039 |
7 | 836412 | 0.038 |
6 | 1085539 | 0.037 |
3 | 1825270 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 762777 | 2 |
0.042 | 453968 | 2 |
0.043 | 941577 | 4 |
0.044 | 1251791 | 6 |
0.045 | 405333 | 3 |
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