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We must have similar investment strategies SurfguyI also own FRX...

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patawalonga

2,330 Posts.

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02/03/23

10:22

Post #: 66555596
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Originally posted by Surfguy: ↑

The above chart gives an example of what can happen when a 2yr wedge/pennant is broken to the upside. As you can see it can be spectacular.
Had to go back 12 months to find this chart thread, which confirms FRX is on nobodies radar. The only thing missing here is volume. Probably needs a killer company making announcement although any good one should do it. Look for it to hold a close above the line and then come back to test the break.
As per above swift gains are possible.
And yes I have learned to back my instinct and that is telling me FRX is under appreciated, unloved and undervalued as was the above example. At some point that will change and the abilities of FRX's team will garner the recognition they deserve.
This chart is telling me that time may not be too far away and yesterdays failed test of the top line shows it won't be sustainable unless real volume is involved IMO.

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We must have similar investment strategies Surfguy
I also own FRX - had them for a while at a cost of 4.3 cents

FRX Price at posting: 5.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $8.679M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$9.415K	937.4K

Buyers (Bids)

No.	Vol.	Price($)
3	103252	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	159500	1

View Market Depth

No.	Vol.	Price($)
2	101200	0.010
2	493869	0.009
7	4914120	0.008
8	2551000	0.007
2	1050000	0.006

Price($)	Vol.	No.
0.011	159500	1
0.012	100000	1
0.014	41426	1
0.015	240000	1
0.018	318941	1

Last trade - 13.30pm 04/10/2024 (20 minute delay)

FRX (ASX) Chart

We must have similar investment strategies SurfguyI also own FRX...

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We must have similar investment strategies SurfguyI also own FRX...

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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