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FGR

FGR is Ready to Break Out ($FGR)Interesting FGR's trading range and volume have dropped up, now coiled in a thin trading band with low volume and what looks like the calm before the storm. 32.5c is my Target for mid-april. A number of specific catalysts will get us there but perhaps the macro climate alone if the news is not forthcoming. Definitely have a mexican standoff in this 24-26c zone. I am getting coin together to convert options to heads. Thinking the capital raise that was mentioned might of been a spooker to the market and we may have raced up on recent news if not for this, we can only speculate (lots). First Graphene is an ASX listed Graphene Producing Material stock with Mines in Sri Lanka producing the world's most pure Vein Graphene. $FGR
ASX:FGRLong
by InvestinMetal
4
FGR First Graphene - a penny stock? not for longgood 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.
ASX:FGRLong
by djmitchb