- Historically FBR trends have respected all Descending Triangle...

- 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