Yeah, lets hope it is!
One other scenario I am looking at is that we are currently trading in an ending diagonal triangle. If so, we could see one more push lower to a new low of 16/16.5c from where we will have a strong rally.
Not set in stone and obviously this is only one of many scenarios.......but from the trading I have seen every time the share price goes below 20c, non-aggressive accumulation is taking place. By non-aggressive, I mean the buyers are waiting for weak hands to sell to them rather than them taking the offer.
Time will tell, but FLC has been building a broad base over the last 9 months when we first hit the low of 17c.
Chart, page-4
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 (20min delay)
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $188.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $6.109K | 34.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 503000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 75048 | 2 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
0.005 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.5¢ | 17.0¢ | 30185 | ||
| Last updated 12.22pm 30/04/2024 ? | |||||
| FLC (ASX) Chart |