FGR 2.86% 3.4¢ first graphene limited

FGR - Charts

  1. 16,684 Posts.
    lightbulb Created with Sketch. 7054
    Hi All,

    FGR's Daily Chart doesn't look that positive, The weekly has the 25 and 50 week moving average headed south, but these are well above the 200 week average

    It appears we have build solid support at 20c.
    If we don't see news in the near future we are likely to see a Death Cross - Which is only telling us what we already know, momentum has swung negative.

    I guess on the positive side we may see another Golden Cross soon after the Death Cross if the 25 day moving average can stop its decline and the daily volume appears to have dried up.

    @DarkCloud08 Do you have any additional comments?

    FGR DC formation 25 August.jpg
 
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