FAR could be putting in a double top. On the plus side we have bullish divergence occurring in the Stoch & RSI when comparing the last two 8.2c highs. On the negative side we have a low volume rally occurring during the Xmas/NY holiday period. Technically there are two downside outcomes that maintain the bullish case for FAR.
1. 7.9c low holds and a breakout to new highs occurs(most bullish);
2. 7.4-7.6c support level holds (closing basis) and a breakout to new highs occurs.
A close below 7.4c would be bearish and would increase the possibility of a retest of the 6.9c area at a minimum. To say this week is significant as far as the short term outlook for the FAR sp is concerned, is an understatement.
FAR Chart
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 (20min delay)
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 44.0¢ | $15.21K | 34.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15869 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 1208 | 1 |
View Market Depth
| Last trade - 15.58pm 16/05/2024 (20 minute delay) ? |
| FAR (ASX) Chart |