The last week's price action saw a new test of an existing resistance line at 0.057 [item 1].
Friday's close of 0.058 [item 2] went above this resistance line, matching an intraday high from January 21st [item 3]. At that point, the price closed at resistance, and was quickly followed by selling pressure.
Regardless, the current situation is being helped along with buying pressure that began a fortnight ago [item 4].
Friday's gain was more volatile than normal, but in any case FBR is sitting at a 3-month high:
FBR Charts and Technical Analysis, page-163
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $214.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28867 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 503546 | 1 |
View Market Depth
| Last trade - 16.16pm 02/08/2024 (20 minute delay) ? |
| FBR (ASX) Chart |
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