Quick update on the chart. We have hit a support level at the 50% retrace and also sitting on SMA50. Also some channel support following the previous lows. The gold price certainly isnt helping at the moment but fundamentally we are still significantly undervalued which is all that matters to me. You can see that the major support level will be around the CR price at 16c. This would match up pretty well with the 200MA. My advice, keep watching, dont panic, avoid trading it as it is difficult to interpret what will happen, the buy side is getting smashed thin, I thought it would have picked up by now but it is very common for the stock to look at its weakest near a bottom. GLTAH this info is my opinion, I have found it more common than not that a stock retests its CR price, but to me it is unlikely since it already did during novemer/december
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
