- 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 - Not much upside fundamentally as Management are stalling with signs they're not ready to build - Capital Raise around the corner, this could be the catalyst sends the price to or beyond previous lows
Its tough to say how the trends will act around the 2 cent level to begin with as there could be some resistance, once breached it should be a clear path to previous lows Good chance the descending triangle will be tested after first break downward