FBR 6.98% 4.0¢ fbr ltd

Chart, page-145

  1. 14,648 Posts.
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    So the focus on this trade (for me at least) is the 9ema, and price within about 10% of that 9 ema..
    we`ve seen the 9 ema rise above its long term trendline which is huge plus imo..and now waiting for it get above the short term 62% Fib resistance level of 5.1c, this is where price would really breakout to the upside imo. a few people getting impatient and nervous around here because we have no update yet which is understandable..so before that time we might see a back test of the last long term 9 ema resistance which is about 4.7c...we wouldn't really want to see the 9 ema itself go back below that trend line. FBR 9 ema back test.png
 
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