- Historically FBR trends have respected all Descending Triangle Formations
- The blue shaded area represents the Orange Descending triangle size, which projects the fall size
- There appears to be strong support at 2 cents, this could take a crack before pushing though
- There's a gap at around 1.8 cents which will be the magnet to be filled once 2 cents falls
- Not much upside fundamentally as Management are stalling with signs they're not ready to build
- Capital Raise around the corner, this could be the catalyst sends the price to or beyond previous lows
Its tough to say how the trends will act around the 2 cent level to begin with as there could be some resistance, once breached it should be a clear path to previous lows
Good chance the descending triangle will be tested after first break downward
AIMO, DYOR
Link to Trading View Idea:
https://www.tradingview.com/chart/FBR/gIBfFMVl-SHORT-ON-FBR-4hr/
Previous HC posts:
- https://hotcopper.com.au/posts/44299256/single
- https://hotcopper.com.au/posts/44150703/single
FBR Charts and Technical Analysis, page-503
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Last
3.5¢ |
Change
-0.003(7.89%) |
Mkt cap ! $167.6M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.5¢ | $270.5K | 7.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 3654879 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 108427 | 3 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| FBR (ASX) Chart |