FAR 2.91% 50.0¢ far limited

Packer, Recall just a day or so. PhillW provided some TA along...

  1. 1,394 Posts.
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    Packer,

    Recall just a day or so. PhillW provided some TA along with a very constructive characterization of FAR.

    In what may turn out to be a somewhat prophetic statement, he noted. ".....Unfortunately, the FAR chart shows that on a historical basis it is a pump & dump stock. Another words, all moves historically have been 4-6 week pump and then the a falls out of it. What we want to see which would indicate FAR is becoming investment grade stock is an up move followed by a consolidation then the next up move etc. A failure of 7.9c and a fall down towards 7.4c before taking out 8.7c would make the FAR chart look healthier from a technical stand point because it would show accumulation, profits being taken at resistance zone and subsequent sell down to support and then accumulation at support prior to rallying past prior resistance. ... "

    This may be among FAR's darkest days for many of us, but they too shall pass. We all need to embrace a little conviction and patience. I've tried to imagine what CN is focusing her efforts on about now, and I hope to god it's not this temporary dip in SP.
 
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Last
50.0¢
Change
-0.015(2.91%)
Mkt cap ! $46.20M
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51.0¢ 51.0¢ 50.0¢ $13.38K 26.64K

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1 99993 50.0¢
 

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51.0¢ 314682 3
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Last trade - 15.44pm 08/11/2024 (20 minute delay) ?
FAR (ASX) Chart
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