Thought it would sell down a bit further but volume is continuing to decrease. Sell pressure seems to have stopped even with the 900k order at 22c. I think this is just a combination of people losing interest, a tightening free float and an expectation that prices will not fall much lower. It is still trading within the support channel and hugging the ema50 currently. We really need some news to reignite interest in the stock, the reason why the last upswing peaked at 24.5c was because volume failed to rise (bearish signal). Hard to predict price action before that news comes, supposedly before easter. I dont think a head and shoulders pattern would play out, companies with solid fundamentals tend to fall slightly but not the whole way down.
- Forums
- ASX - By Stock
- FFX_Chart Only Thread !
Thought it would sell down a bit further but volume is...
-
-
- There are more pages in this discussion • 1,298 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online