Six month daily shows a move up. The move up is erratic which causes a bit of 'heartburn' from time to time but neverthelessless its up. I have plotted my favourite Donchian Channels on the chart. This simply shows 20 day highs, lows and the mid point. So its easy to follow. The chart is displaying the typical trading characteristics of trading before a break. We are seeing movement up but not yet a classic Dow uptrend. A classic dow uptrend consists of higher highs and higher lows. Dochian channels resemble a stairway during a classic uptrend. Lows are doing the heavy lifting with a series of wanted higher lows. We just need to get the highs moving with higher highs which will take care of itself in due course. Just a matter of time now. 24.5 cents, 29.5 cents, then onwards.
FFX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
