After the action on Friday we now have a good technical set-up for start of a new trend with;
- Close above upper 1 Standard deviation Bollinger Band (20 days)
- 9 day (red) Detrended Price Oscillator (DPO) moving from below 0 to above 0
- 20 day (blue) Detrended Price Oscillator (DPO) moving from below 0 to 0
- Good volume on breakout
Last time we had a similar setup was start of Jan, which ultimately failed after spending only 8 days above the upper 1 Standard deviation Bollinger Band.
Here's hoping the extra volume this time points to a more sustained rally - despite the dismal macro environment.
Good luck to holders and massive thanks to the crew of amazing posters on the FLC threads.
After the action on Friday we now have a good technical set-up...
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $135.1M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.5¢ | $3.954K | 33.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22222 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 55362 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |