FML
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3.57% 13.5¢ focus minerals ltd

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  1. FishingAndBeer
    6,027 Posts.
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    15/07/10
    14:29
    Post #: 6906584
    I was just looking at the retrace off the last run, the bull cycle started from 0.7 to 8.1c & the correction brought us to 4.4c which is exactly the 50% Fib of the run. In case we break that support the next FIB line is 61.8% @ 3.53c wich also coinsides with the shoulder of wave 1 of the previous EW cycle (2 year chart) I would expect that to be a very strong support line; hopefully we wont have to find out.
    FML Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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