Thought it time to update the chart just before EOFY. As you can see quite clearly, the last 3 EOFY 's have led to rallies. None of them were sustainable however.
Back in March the sideways wedge had formed a perfect ABCDE wave. That has now become an ABCDEFG wave. Have 2 upper wedge lines now as want to reflect both maximums and closing price. Closing price line has wedge contained and maximum line has price back testing after breaking out.
This wedge/pennant pattern is 2.5 yrs long which in a start-up is unusually long. Any volume related break to the upside could be spectacular IMO. Due past post EOFY performance we shouldn't have long to wait.
FRX Chart, page-291
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.18M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 300000 | 1 |
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| Last trade - 16.24pm 21/06/2024 (20 minute delay) ? |
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