FBR 0.00% 3.8¢ fbr ltd

All technical indicators are pointing to a sell at the moment.As...

  1. 3,387 Posts.
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    All technical indicators are pointing to a sell at the moment.


    As to when the fall will stop, no-one knows for certain.


    My guess is that it will drift lower until either:

    a) A major revenue related positive announcement is made ('fluffy' announcements regarding personnel changes/strategy updates won't halt the decline)

    b) We eventually find some level of support. This will be at a level when the risk/reward balance moves back in favor of reward. I think $100m market cap is factoring in a substantial level of success, but a market cap of $50m swings the balance back in favor of a buy.


    As has been suggested by other posters, there appears to be support at 5-6c and again at 3c.


    GLTAH. DYOR.


 
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3.9¢ 24268 1
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