FGR - POSITIVE NEWS INBOUND?
Updated
First Graphene Limited - Currently in a trading halt, and coming into the new week with positive news could see them break this descending triangle and break the 12 month downtrend.
1. More positive news out of the trading halt will see buyer momentum and volume return to the market.
-Increased Volume & Momentum
-Double Bottom off .382 Fibs (Strong reversal)
-Break Descending Triangle & Test Descending Broadening Wedge
-MACD close to a Golden Cross
-Potential 20% push pending break Broadening Wedge
2. News isn't enough. Sellers continue the squeeze into the corner and push price below strong support a 0.12
-Descending Triangle completed
-MACD spreads without cross
-Continuation of Broadening Wedge confirms
-RSI will return to OverSold region
-Fall would see a reduction of 30% before Support found
With a mission to be the No.1 High Performance Graphene Provider in the World. FGR is on there way with many alliances in many sectors. Graphene is the thinnest material ever isolated, 200x stronger than steel, 20% flexible and 1 million times more conductive than Copper. EYES ON
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
1. More positive news out of the trading halt will see buyer momentum and volume return to the market.
-Increased Volume & Momentum
-Double Bottom off .382 Fibs (Strong reversal)
-Break Descending Triangle & Test Descending Broadening Wedge
-MACD close to a Golden Cross
-Potential 20% push pending break Broadening Wedge
2. News isn't enough. Sellers continue the squeeze into the corner and push price below strong support a 0.12
-Descending Triangle completed
-MACD spreads without cross
-Continuation of Broadening Wedge confirms
-RSI will return to OverSold region
-Fall would see a reduction of 30% before Support found
With a mission to be the No.1 High Performance Graphene Provider in the World. FGR is on there way with many alliances in many sectors. Graphene is the thinnest material ever isolated, 200x stronger than steel, 20% flexible and 1 million times more conductive than Copper. EYES ON
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Note
Broke the Wedge. Got the 20% but without solid news and lack of buyer momentum continues to fall.
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