FTT - bottoming base with huge volumes, rally beginning

Hello all,

Seen plenty of news and charts dominate the threads for FTT, but no charts, so here goes.

Context: Huge volumes put a halt to the slide a year ago, based out for another year before even larger volumes came in around June this year. Strong feel of accumulation.

Charts: Price rallying strongly, broke out of a bullish flag, good volume. Gap around 28c (yes, it does look far from now) to close in the up coming leg up? All previous gaps have closed. This closure is well overdue, and momentum is clearly to the upside.

Talks of potential FDA APPROVAL in the near future - LBT ANYONE? Haha who knows.

Depth: Bids to offers ratio 4 to 1.

Shorts: No open short interest. http://asic.gov.au/regulatory-resources/markets/short-selling/short-position-reports-table/





Thanks everyone. Feel free to post any general, fundamental or technical comments.

Cheers and good luck to you