FDL flinders diamonds limited

Classic pennant formation on the FDL chart with its base at .14,...

  1. 1,242 Posts.
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    Classic pennant formation on the FDL chart with its base at .14, which is a short term consolidation pattern in a larger trend ... up in this case ... so that's pretty good.

    Though, against this indication, I've sold out for the moment coz it's looking very overbought, so I can't see much more upisde for the moment without some news, which, because it's not due until a few months time, implies a period of relative stagnation to come in the interim.

    Wot u tink? I'm asking because I'd like arguments to the counter, coz I"m in a bit of a quandary as to whether to buy back in at .14 or stay out.
 
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