FGR First Graphene - a penny stock? not for long
good opportunity here on this small stock.
We are in a solid bull trend since it was listed. the moves are getting bigger and I believe we may start a megaphone pattern as shown in blue.
From the weekly trend line we are respecting the lower line well. we have made a test of this line on the 24th of december the same area as the 61.8 from the last 400% move and a strong support area. MACD has crossed on daily and RSI is in a good place with lots of room on both of these indicators to the upside.
The up/down cycles have been around 250days for each of the previous moves. I put a target of 200% in the next cycle from here on this. but it could be much higher as the megaphone pattern is widening on each range of the last two peaks.
We are in a solid bull trend since it was listed. the moves are getting bigger and I believe we may start a megaphone pattern as shown in blue.
From the weekly trend line we are respecting the lower line well. we have made a test of this line on the 24th of december the same area as the 61.8 from the last 400% move and a strong support area. MACD has crossed on daily and RSI is in a good place with lots of room on both of these indicators to the upside.
The up/down cycles have been around 250days for each of the previous moves. I put a target of 200% in the next cycle from here on this. but it could be much higher as the megaphone pattern is widening on each range of the last two peaks.
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