There is a gap in the daily between 4 cents and 4.2 cents. The FBR price is likely heading down to that level at least, in order to close that gap. Thankfully I sold out late last week, after seeing the high in the MACD. I will be back in when it looks like the temporary bottom has been reached. Usually I read the MACD on the daily and hourly charts, and sometimes I get it wrong. B Anyway this is the daily chart with the MACD too. the gap is circled in blue. For me it feels easy to see that the share price will keep falling for a while yet. Time will tell. Though if you check back in history of many stocks, when ever the daily MACD is high like it currently is, the price falls until the MACD returns close to zero, or goes negative.
FBR Price at posting:
5.1¢ Sentiment: Hold Disclosure: Not Held
(20min delay)