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
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $134.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $7.746K | 64.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 298710 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 17093 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.000 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.5¢ | 12.0¢ | 46633 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| FLC (ASX) Chart |