Bit disappointed that I bought in in higher price bracket when I could have bought in so low. Looking at the charts today this is my analysis. As a caveat, I'm not in finance and so this is a bit of a hobby. If I'm way off track I'm happy to be informed.
RSI 14 day at 27 so looking oversold.
A series of preceding volume spikes suggest downward selling pressure that has pushed the SP towards an accumulation zone.
Currently hoping it holds and consolidates where it is but could find price in an accumulation range between 70 (fib 88%) and 64 (fib 100%). Where retail investors are finding despair others may get their fill, If so, and accumulation is completed I'm looking at a spring from this range but unsure of the duration of the sideways consolidation - may be a while - even months.
While this suggests manipulation a lack of buying interest is also evident. Looking to PR on fundamentals to help kick start a return to the overall uptrend.
Meanwhile, I'll wait patiently.
All best,
D
FLC Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)