$JSEFBR - Famous Brands: Technical Reasons For Optimism
See link below for previous analysis.
FBR stock has been in a downtrend since January 2022 but the are reasons for optimism.
The downtrend is forming a falling wedge which has bullish reversal implications.
The MACD is making higher lows giving a bullish convergence signal.
The key level to watch now is 4600 cps but i will stay neutral until price breaks out decisively from the wedge pattern.
FBR stock has been in a downtrend since January 2022 but the are reasons for optimism.
The downtrend is forming a falling wedge which has bullish reversal implications.
The MACD is making higher lows giving a bullish convergence signal.
The key level to watch now is 4600 cps but i will stay neutral until price breaks out decisively from the wedge pattern.
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