Looks like FDL has a potential double bottom as it kicks up from .014 a few days ago, to a hi of .02 yesterday.
NEWS of the day will likely see it re-rated much higher if there is real substance behind the initial good news.
Price/selling resistance will be around .018, then .02, then .022 in the short term of the next few days.
I am encouraged by the fact that FDL leader K Wills was part of the team who discovered and developed the discovery of the now great ARGYLE mine.
Technically speaking, I think we should have some confidence in this man - it seems to me, that he is our best guide if we are to enjoy a real commercial diamond find like Argyle.
Rome wasn't built in a day and neither will this find be proven in a day... but I think it will happen - it wont happen overnight - but I think it will eventually happen.
FDL
flinders diamonds limited
Looks like FDL has a potential double bottom as it kicks up from...
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