And making it very difficult to chart!
So
@ywtoh, if this is what is happening then isnt it possible that if they are as coniving as you suspect, and it is possible, that they are setting it up so we all expect price to fill the gap between 21-22.5c but they never let it get that low and they scoop up all that are selling in anticpation of the gap being filled, and then let it take off?
There are a few support areas to get through before we fill the lower and last gap:
1/ we closed on 40dma yesterday after trading around the 200dma at 25c for the afternoon. So both of these areas are support.
2/ 23c is also support as it is the 61.8% retracement of rally from 17c to 33c.
And behind all this charting 'stuff' is the real story of a company whose market cap is ridiculously low based on existing contracts alone, let alone future ones. And it is this story that has kept me in this stock for way too long........but I am not selling any stock as I still see the potential and think it will be realised soon.
I sure hope we dont fill the gap but I wont rule it out. Whatever plays out over the next few weeks, once thing I still feel is that the fundamentals of FLC justify a much higher share price........
