Originally posted by mcexplorer $FOD.AX $FOD seems on Wave A of...

Originally posted by mcexplorer
$FOD.AX $FOD seems on Wave A of downturn correction. In the past 4 months, a complete set of 5 waves of uptrend impulse has just done. Maybe it will go back to sub 15 when Wave C finishes. IMO. DYOR.


https://t.co/oWXqQqeBSC




I respectfully disagree. There was just a few factors that's spooked some new buyers yesterday. That included the issuing of shares which seemed to be sold immediately and added a huge amount of supply to the market. It also was effected by the market sentiment yesterday afternoon, after there was a lot of doom and gloom predictions regarding global markets - none of which have happened over night. This is a spec share and has been going up since 0.11 a couple of months ago, a relatively small tree shake was bound to happen. As I said yesterday, I believe the fundamentals of this share have held us in a strong position in the face of adverse global markets and I don't see this changing. We were talking 0.25 on Wednesday as our target before Christmas, let's not have short memories - no one gets rich over night. Just to give some context I bought more last night. GLTAH Hold on for the rewards!