Bollingers getting tight again as you can see. 3.80-4p support area hit and bounced off. Lots of upside in coming months in this penny stock.
5.72p next resistance where the 200ma lies. also 6.04 where 50% fibs line is. 9.84 is my Ultimate Sell target - Scale out from 7.45p
Buy signal at 3.82p circled. if 200ma broken and 50% fibs then the 127% fibs will be my first target which is also the resistance of May 2017 at around 9.84p also a gap to fill and RSI / CCI in a good bullish trend.
Target 6.69p Entry price: 4p - 4.30p #FLX #Falanx New Bod. New contracts & acquisitions. Options 100% higher then price. BoD own shares higher up. Last placing price was 4.5p. Sellers dried up and overhung possibly gone. Last RNS a huge buyer of 12% of the company.