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Tuesday, 6 November 2012

FEGR under .001 strong accumulation

FEGR chart is in a very bullish bottom formation right now and accumulation is looking very strong here.
Notice that the biggest volume days are on the "green" price days with low volume on the "red" days.
What this suggests to us is that with buying pressure shares are obviously being bought up but the important thing about this volume pattern is that on the down or red days the shares are being held by most.
This is what sets up a nice base  on a bottom chart, once resistance at .001 is broken we should see a strong move upward and we are accumulating all we can under .001
 
Resistance could be felt up to .0012 then .0025 is our short term target with FEGR

Unfortunately, with blogger I can't send posts when they are written, the chart took off not long after this post. I am still sitting in the .001 range and lower for any pullbacks to support. Very strong buying came in, to take out the .0012's
 
We are currently looking at another bottom play with some really positive updates expected in the near future. Should have that to you this week and before any run, just dding it now.
Cheers!!!
 
Daily
 




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