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FBR

$FBR.AX is setting up nicely - Higher prices coming #ASX $FBR$FBR.AX is setting up nicely - Higher prices coming #ASX $FBR FBR Ltd (FBR, formerly Fastbrick Robotics Ltd) designs, develops and builds stabilised robots to address global needs. These robots are designed to work outdoors using the FBR's Dynamic Stabilisation Technology. FBR is commercialising products for the construction sector together with DST- enabled solutions for other industries. The first application of DST is the Hadrian X, a construction robot capable of building the walls of a structure from a 3D CAD model
ASX:FBRLong
by Abbas39
SHORT ON FBR (4hr)- Historically FBR trends have respected all Descending Triangle Formations - The blue shaded area represents the Orange Descending triangle size, which projects the fall size - There appears to be strong support at 2 cents, this could take a crack before pushing though - There's a gap at around 1.8 cents which will be the magnet to be filled once 2 cents falls - Not much upside fundamentally as Management are stalling with signs they're not ready to build - Capital Raise around the corner, this could be the catalyst sends the price to or beyond previous lows Its tough to say how the trends will act around the 2 cent level to begin with as there could be some resistance, once breached it should be a clear path to previous lows Good chance the descending triangle will be tested after first break downward AIMO
ASX:FBRShort
by Spade_of_Aces
FBR overall Short Bias but Potential Bullish H&S formimgThis is my first chart ever so definitely not advice Overall I have a short bias due on this stock at the moment with a continuation of the downtrend. On the contrary: It is historically cheap, so the H&S could be a contending reversal at this point... Should be watched closely for confirmation to see which way it could play out Fundamentals (Negative) - No long term revenue - Burning cash - No progression for 6-9 months - Lack of SH confidence - CR required inside 6-9 months - Government will likely drop the R&D rebate incentives due to Covid-19 Fundamentals (Positive) - Heavily sold - Recent reduction of cash burn - currently sitting near IPO baseline - Market Cap is very low Technical Analysis: Short play - Descending Tangle showing strong potential to break downward out for a small short position - Could potentially re enter for a short position if it comes up to test the breakout of the descending triangle Technical Analysis: Long play - If the head and shoulders form and the trendline & neckline is broken, we could see a good sized run up to the previous high
ASX:FBR
by Spade_of_Aces
2
FBR - Long Again - Multiple Harmonics at Restiance with ElliotPerhaps a little too aggressive not waiting for the candle. But It opened higher, XABCD pattern completed on 1h, and an AB=CD completed on the 1h. Classic Elliot wave count meeting all the rules and several of the most relaible guidlines. I lo=ve the support offered by the rising window as it converges with the start and completion of the pattern, and Elliot wave 4 of previous impulse. Will I pay for my aggression? We will see, If so, a nice tight stop loss will be my solace.
FLong
by AuthenticTrader
FBR Long Set Up - Candles, Technicals, and Elliot all say GO!Candlestick Rising Held as support as we have had completion of Inverted Hammer and Engulfing bull patterns at this same level. Connors RSI below 10. For Elliot folks, please check the count that it doesn't violate any rules, and the retracement/correction has moved back down into middle of wave 4 Price has retraced down into wave 4 of previous impulse wave. So I believe it has completed wave A of the correction wave and have gone long with the target of 9.64, the 61.8 fib level. Medium term look to target 10.5 and long term Longer term 12.50 as it completes wave 3 of III.
FLong
by AuthenticTrader