FMJ fortis mining limited

Hi folks, I think I may have recognised a possible completion of...

  1. 6,498 Posts.
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    Hi folks, I think I may have recognised a possible completion of wave C, there appears to have been a 9 wave leg (5 wave + extension)

    It's not the pattern I had initially being looking for but it is a pattern nonetheless. I had been expecting us to retrace to the 1.50 area, but had expected a bounce inbewteen to +-2.50: scrap that idea.

    1.50 is also confirmed as an important sup/res area if you look at volume by price.

    anyway I hope to see us moving up from today & see $2 as the first hurdle to breaking into an uptrend

    Just my amateur reading of the tealeaves in my coffee mug. DYOR

    FWIW I do see the arguement from some people that there is some baseless ramping going on (or overtly optimistic) I have no fundamental information to say we are actually going to burst into an untrend. & am in no way confident that the retrace is complete, I do recognice it could go to $8 or 20c, I remain open minded.


 
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