- 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
-...
This 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...
