$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...
- 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...
FBR stock prices have taken a huge hit following the news that construction giant Caterpillar Inc. and FBR were terminating the memorandum of understanding between the two companies. Prices are down 74% since all time highs last year and down by 65% in just the last two months. It is unsure exactly why the memorandum was cancelled, but both companies have stated...
SEE VID
High volume gap up should hold up I dont see retracements just yet. Possibly come back down to bouce off level resistance which has support of 50ma. A run up will see it through to resistance/200ma for a quick 10% from here.
FBR Fastbrick Robotics (FBR:ASX) Moving nicely LONG on Intermediate Period with a start SHORT for Wave 2 Minor within Wave 3 intermediate.
A good entry point for this stock will be on the completion of Wave 2 on the Minor period to go LONG
Reference to my previous chart here:
15th August 2017: Fastbrick have announced, Robots to assist building homes in Saudi...
It is quite evident that FASTBRICK ROBOTICS LTD (ASX:FBR) has broken out of a Wedge and is continuing on a BULLISH trend, not only due to technicals, but also due to the recent announcement of an agreement with CATERPILLAR (NYSE:CAT), to Provide services to Caterpillar's construction customers. The global addressable market is now estimated to be $100 ~ $200...
It seems that FBR (FastBrick Robotics Ltd - House Building Robotics Company) has already completed a wave 2 and is now on it's way 1/4 way through a wave 3 Impulse wave. Based on company fundamentals and performance, it seems that this not only would be great to long, but also great for investment portfolio investment stock. In my opinion, I see this company as...
![FBR: $FBR basing out on 50ma and level sup [VID]](https://s3.tradingview.com/r/RjF8rqxb_mid.png "$FBR basing out on 50ma and level sup [VID]")
