Friday 10 June
Today I repurchased at 10.5¢ the FGR shares I had sold at 8.5¢ three or four weeks ago. I had thought at the time that the shares had broken key short term support but I subsequently drew another line which suggested the support did not break after all. Duh! One of these days I will get this one right. I love the story but to reduce my risk, the chart has to be my prime input. It’s just that sometimes I misread the signal or it is not clear enough.
I show the daily chart below. I probably should have waited for a break of the resistance at 12¢, but got impatient. Upon such a breakout, of course, it’s an 8 bagger, and the fundamentals suggest this could indeed occur, all going well. We will see.
