FXR 0.00% 0.2¢ fox resources limited

moving up, page-5

  1. 114 Posts.
    Personally I thing we need to see some consolidation before we can confidently say the turnaround has arrived.

    Remember, from a technical viewpoint (yes I know alot of u think little about his but some do use it extensively to base their trading\investing decisions), the stock price broke a major trendline when it fell thru $1.70.

    I don't believe a recovery is as soon as we'd like.
    Sure the price recovers a bit but only to see lower highs rather than a higher high.

    I'm hoping things at least stabilise to a decent consolidating pattern, followed by a gradual pick up with the price safely above the 30 wk MA.

    NOTE: My opinion is exactly that ... mine.
    Please practice due diligence and research, read, calculate do more reading and form your own final decision.
 
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