FBR definitely has potential in the long run once we start seeing the results from their trials in US. But before then, it's simply a buy the rumor and sell the news situation.
Recent rally FOMO retails will likely feel some short term pain and learn a hard lesson on how to control their emotion when it comes to trading/investing, particularly the recent young generations putting money into the most discussed stocks on HotCopper.
The stock is just overbought in the short term with a retrace back to fibronachi retracment levels at 78.6% of the high (which is around 4.8c as we can see with today's close) and then likely down to 61.8% which is around 3.8c over the next couple of weeks depending on the macro environment and and if there is no further short term news from the company.
My colleague's partner bought into FBR recently and was telling me how he's going to "save" for a deposit for a house in the short term by buying FBR. All I told them was to be careful cause I've seen enough bubbles/pump and dump over the years of investing to know how it all ends in the short term.
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