FLC 8.70% 12.5¢ fluence corporation limited

Not the best day in the market, However, a few positive points I...

  1. 583 Posts.
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    Not the best day in the market, However, a few positive points I would like to point out.

    1. Strong buy side above 80c, support looking to have moved up to around 82c.
    2. Holding above 82c proving higher lows - bullish (should lead to higher highs)
    3. Sell side still looking as thin as ever (besides those 1 mil share at 1.08, 1.18) - points to long term holders not willing to give up shares cheaply.
    4. Big buyers lerking, wiping out lines around 84c as seen this morning, only a matter of time till it pops.
    5. Upwards trend still in tact.
    6. Today the trend line was tested for a 2nd time and held nicely (bullish outlook), should bounce off it tomorrow. NOTE: Last time it tested the trend line it jumped to new highs as seen below.
    7. As we near the end of the quarter, an update/news of some sort is imminent.


    Screen Shot 2016-06-14 at 3.57.59 PM.png

    Cheers,
    L
 
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12.0¢ 12.5¢ 11.5¢ $8.129K 69.42K

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3 175663 11.5¢
 

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Price($) Vol. No.
13.5¢ 50000 1
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