FBU fletcher building limited

Chart - Failed Breakdown

  1. 408 Posts.
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    FBU seems reluctant to break down below support from swing point low $7.20 and old swing point high $7.12.
    It has broken below but then fails to follow through. On Friday there was a bullish engulfing bar.
    For each of the last two weeks price has gone down and then closed up near the high indicating strong buying pressure.

    If it breaks above swing point high $7.41 it may start a fast move up. However if it fails to break over this resistance then it may succumb to the selling pressure and eventually breakdown.

    Daily Bar Chart
    FBU Daily Breakdown False 2017-06-09.png

    Weekly Bar Chart
    FBU Weekly Trendline 2017-06-09.png
 
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(20min delay)
Last
$3.00
Change
0.050(1.69%)
Mkt cap ! $3.224B
Open High Low Value Volume
$2.97 $3.04 $2.96 $4.029M 1.346M

Buyers (Bids)

No. Vol. Price($)
1 4305 $2.99
 

Sellers (Offers)

Price($) Vol. No.
$3.00 4361 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
FBU (ASX) Chart
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