FDM 0.00% 1.1¢ freedom oil and gas ltd

resistance becomes support after breakout, page-32

  1. 2,720 Posts.
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    Hi All,
    Those that sold yesterday would be sad. Was panic selling yesterday and possibly some of those that sold yesterday bought back in today after seeing it open higher and continue up. Looks like 85c ish is support but that could change to 95c after todays action. It took 3 attempts to break thru 95c and held above that price at the close which is a good sign for the stock. As with all fridays, there will be some that will close positions regardless tomorrow and there will also be some that will sell as its way in profit for most holders and some people cant help but take profits as soon as they have made some money. I ask myself before I sell a stock that is going up - is there anything better to put my money into? In my opinion, this stock is a clear case of buy the dips not sell on dips. Yesterday was an example of that.
    Cheers all
 
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