Shares
Bullish on a spate of contract winsPulling away from resistance that originated
in Nov 2011.
Good contract wins are resulting in a bullish
fundamental outlook.
Broke out and is pulling back to supportAPF broke out a few weeks ago and is now pulling back to support. Will it go higher?
Now bullish after today's operational updateRecently FLX looked bearish, but after today's update
the price is now bullish and should continue to head to 10p.
ASX:ASL Long IndicationP/E Over 24
P/B 1.11
Last yearly report, net debt was wiped by well over 100m leaving only 216m left. Debt may not be completely wiped, but a hint at dividends returning could be possible. Operating profit returned positive after two consecutive years negative. If net profit after tax exceeds 70m and debt is decreased by 50m+... This will be fantastic. The share price will exceed $3.
A stock so fundamentally strong with good earnings - this may soar.
Earnings should be strong as the price of gold has not diminished, iron ore has also returned over $60/tonne.
I have an order in for 1300 shares at $2.16 strike. I feel it is early enough to bet on earnings without getting in high and late after the pre-earnings hype.
Earnings on the 23rd.
If earnings look anything like last year... wowzers.
Falanx is bearish for all sorts of reasonsToday FLX closed below 5.39 resistance at 5.26
The 50 period daily EMA has also crossed below the 200 EMA
Since May 2017, the daily MACD and RSI have both been down-trending
Finally, the cup and handle pattern it formed since Jan 2016 looked to be bullish. Unfortunately it failed in May this year.