FLC just can't take a trick on the weekly chart:
Broke down through the weekly uptrend in December, failed to break above that after retesting last week and now overhead resistance from the now established weekly downtrend that emerged last July...
I feel the next 1-2 weeks will be critical for FLC given the Ivory Coast has reached financial close but that's failed to fundamentally move the price and if anything the "sell on fact" may be kicking in in addition to traders looking for a quick trade exiting based on the chart... if the price can get back above 48-49c and the weekly uptrend resumes then happy days (relatively) but if Ivory Coast failed to move the price it might take something from left field that isn't priced in to get things moving again.
Chart, page-7165
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $177.5M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 16.5¢ | $4.343K | 26.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 244189 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 670034 | 6 |
View Market Depth
| Last trade - 15.45pm 03/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 16.5¢ | 16.5¢ | 28969 | ||
| Last updated 12.41pm 03/05/2024 ? | |||||
| FLC (ASX) Chart |