FGR trade ideas
FGR is Ready to Break Out ($FGR)Interesting FGR's trading range and volume have dropped up, now coiled in a thin trading band with low volume and what looks like the calm before the storm.
32.5c is my Target for mid-april. A number of specific catalysts will get us there but perhaps the macro climate alone if the news is not forthcoming.
Definitely have a mexican standoff in this 24-26c zone. I am getting coin together to convert options to heads. Thinking the capital raise that was mentioned might of been a spooker to the market and we may have raced up on recent news if not for this, we can only speculate (lots).
First Graphene is an ASX listed Graphene Producing Material stock with Mines in Sri Lanka producing the world's most pure Vein Graphene.
$FGR
FGR about to break yo upsideRSZi building about to hit 60, stochastic about to cross. Has found support at 0.115. Volume is building, its only s matter of time before this unique stock goes fifo. Run to the upside.
FGR - POSITIVE NEWS INBOUND?First Graphene Limited - Currently in a trading halt, and coming into the new week with positive news could see them break this descending triangle and break the 12 month downtrend.
1. More positive news out of the trading halt will see buyer momentum and volume return to the market.
-Increased Volume & Momentum
-Double Bottom off .382 Fibs (Strong reversal)
-Break Descending Triangle & Test Descending Broadening Wedge
-MACD close to a Golden Cross
-Potential 20% push pending break Broadening Wedge
2. News isn't enough. Sellers continue the squeeze into the corner and push price below strong support a 0.12
-Descending Triangle completed
-MACD spreads without cross
-Continuation of Broadening Wedge confirms
-RSI will return to OverSold region
-Fall would see a reduction of 30% before Support found
With a mission to be the No.1 High Performance Graphene Provider in the World. FGR is on there way with many alliances in many sectors. Graphene is the thinnest material ever isolated, 200x stronger than steel, 20% flexible and 1 million times more conductive than Copper. EYES ON
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
First Graphene: FGR.AXWatchlist
Base forming
Ascending triangle pattern
Watch the 15c level
EMAs are all beginning to point up
Recently completed a CR
FGR Possible break out looking very likely.FGR Possibly about to breakout to the upside. Has found reasonable support at the fib retracement level 0.236 On monthly chart Stoch RSI indicator about to cross, RSI indicator just below 50 at 48, and MACD about to cross. this is the perfect set up for a run upwards.
With the amount of research FGR are putting into developing global market leading products I think they are going to be a future world leader in the Graphene industry.
PS this is only my opinion.
Cheers. ASX:FGR
FGR First Graphene - a penny stock? not for longgood opportunity here on this small stock.
We are in a solid bull trend since it was listed. the moves are getting bigger and I believe we may start a megaphone pattern as shown in blue.
From the weekly trend line we are respecting the lower line well. we have made a test of this line on the 24th of december the same area as the 61.8 from the last 400% move and a strong support area. MACD has crossed on daily and RSI is in a good place with lots of room on both of these indicators to the upside.
The up/down cycles have been around 250days for each of the previous moves. I put a target of 200% in the next cycle from here on this. but it could be much higher as the megaphone pattern is widening on each range of the last two peaks.
Real Utility Yet Unheard of!FGR looking pretty decent here with only what looks like stop hunt at previous high,
Graphene, super interesting and worth keeping an eye on! Certainly once the greenies are tired of their non-producing financial assests we'll begin to realise the utilty of graphene and everyone will want a piece of the action. friends, neighbours, colleagues will be discussing how graphene has solved their ski trip nightmares!
Note, not advice, could be 100% wrong. Best of luck.
GRAPHENE STOCK 1D PRICE/STOCH RSI DIVERGENCEDecreasing price on bottoms of price action,ascending bottoms on stoch rsi,bullish signal
FGR - My ThoughtsThe short term shows a downtrend aiming to fill the price gap from Feb 2018. It has broken the long term trend line and hit resistance at .21c. It is making an impulsive wave down to the .12- .15c which is the next support level. 0.12 is also the retracement .618 fib level of the move up and a historical resistance - where I expect it to get support. Please do not construe this as investment advice or a buy/sell recommendation. I do not hold any shares in FGR but will be interested at the right price.
$FGR - high quality graphite resourceNice flag setting after the breakout. Looking for a continuation of trend on flag breakout with volume. Hopefully following $SYR #bearfur
