FGE forge group limited
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sellers in control

  1. Ocker
    10,373 Posts.
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    22/01/14
    10:58
    Post #: 12838199
    Would appear to be stop loss selling by those (finally) realising there is no real prospect of a bounce in the short/medium term has pushed FGE well down today.

    What's the chance of taking out the post trading halt low of 86c ?

    Probably not today but a determined short seller could possibly shake out a few more longs and it would be interesting to see the outcome.

    In fact I would venture to say we have probably seen the low for today at 93c
    FGE Price at posting: 93.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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