I buy purely based on long term chart assessment and I had bought into FOD at 2.9c a few weeks back…and topped up again yesterday at 2.8c. I believe we will see this get to 4.6c in the next 2 months if macro factors hold up. If that level is crossed with ease, then I reckon 11c is a real possibility. Chart assessments have been right for me 58% of the time in the last 3 years, but more importantly, some of them gave me 10x like AVZ, AGY, RAC etc…..luckily none of the loss making ones went to zero and on some, I did lose more than 30%, but I came out way ahead. Keeping fingers crossed here that FOD will become a multi bagger too!
GLTAH
FOD Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
