fbr is super oversold on the daily timeframe. still a bit of meat left on the bone on the weekly potentially but it hasnt been this far past the 20 line on the rsi for a while, if u have eyes and access to a chart, ill let u do do your own speculating about the potentially proceeding price action at these sort of levels...... i could come down a bit on my demand zone box but id be clutching at straws, its close enough and thats not the big ticket item here is it haha. the key support level is what we wanna see hold up like it has done since mid 2020.
selling pressure has eased for now. the machine is a proven bit of tech, a similar sell off happen over the CAT mou a while back as mentioned in the other chart thread..... some thought the company was going to custard cause that mou didnt go through when CAT shares were tanking at the time, and is a company thats in the earth moving/static equipment space. not robotics.....from what iu read this deal wasnt great for FBR so a wet signature isnt the be all and end all....... im in at 022. its bounced off 18/19 now a couple times, i dont expect much tomorrow as its friday but a green day market wide might bring some positive action our way.
good to see arielstar lurking around.....he seems level headed and brings value to a thread from what ive witnessed over at BRN and FFG.
anyway watch this space........i like bill pulte though hahaha do some research
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