$5.43 Price Target, page-40

First 40 Last

Share
Profile

Follow
Anton

984 Posts.

112

03/07/24

13:35

Post #: 74587868
Share

Originally posted by cheeky: ↑

@Chair83

My current take is below.

We're in blue sky territory from a daily perspective. There are some weekly resistances higher up the chart (at 5.61 and 6.36) and these marry up quite nicely with the Fib targets of 5.54 and 6.41 (see below for more of this target in weekly view). However, these weekly figures go back to 2019/2020, so the question would be how relevant they still are. (??)

On the gap up in mid May, we shot through the 38 Fib extension and back down off the 61 Fib before bouncing around for a few weeks but respecting the 3.29 price of the 38 Fib.

We've now smashed through the 61 Fib at 3.89 and seem to be consolidating beneath the 61 Fib. A break of this 4.85 level will bring the 5.50 level into play quickly imo.

I'm not ruling out a back test of the 3.89 level (61 Fib), but it's a < 25% chance in my mind.

We bounced nicely off the 8 EMA yesterday (green line)... perhaps another week in this area before breaking 4.85 (to let the other EMA's catch up - blue and red lines).

Daily:

Weekly:

Weekly is interesting if you like cup and handles.

If a right hand side cup lip was formed at 3.40 on 9th April with a pullback to 2.32 over the next 8 days, this would give a cup depth of over $3 from the low of 31c in July2022 and a target of 6.40.

Interestingly that's bang on the 1.6 Fib at 6.41 and previous weekly highs back in Oct 2019 !

Expand

Thanks Cheeky ..

FND Price at posting: $4.68 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

I88

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

29M

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

PH2

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

There are more pages in this discussion • 25 more messages in this thread...

First 40 Last

Add FND (ASX) to my watchlist

(20min delay)
Last $4.28		Change -0.200(4.46%)		Mkt cap ! $208.8M

Open	High	Low	Value	Volume
$4.55	$4.60	$4.28	$739.0K	167.8K

Buyers (Bids)

No.	Vol.	Price($)
1	9829	$4.28

Sellers (Offers)

Price($)	Vol.	No.
$4.30	5247	1

View Market Depth

No.	Vol.	Price($)
1	9829	4.280
1	461	4.260
1	461	4.250
2	5461	4.230
2	5461	4.220

Price($)	Vol.	No.
4.340	461	1
4.350	2248	1
4.360	461	1
4.370	461	1
4.380	461	1

Last trade - 16.10pm 22/07/2024 (20 minute delay)

FND (ASX) Chart

$5.43 Price Target, page-40

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

$5.43 Price Target, page-40

Top Stories

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News