Further insight into fortune minerals all-time bearish posture. Incase you don’t follow my past posts, I believe FT is about to enter a new bull run. Technically, this is so. Fundamentally, the ft mine just partnered with rio, and this is due to government monies directing them to do so. It’s very good news for ft team, who seemed to be at a standstill and not...
Hi, it’s is “FT” chart converted to USD. Monthly candle close engulfing on Rio Tinto collab news is a good sign. The timing of it is right off of the zero level “bull fib” - which is my projected fib channel for the upcoming bull run. The chart to date has been net bearish, but now that the mine seems to have govt. support, I believe our first bull run is here....
Descending triangle hit target perfectly, so now we’re in ascending triangle and destined to pop out of this fib channel. I’m trying to show inverse head and shoulder effect in the fibs, and I believe the price lifts off from where it is back to .$25, then $2+
Bullish Flag (52%)
Pros:
Volume during post formation
Descending volume during Flag formation
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 5
ATR ascending
250RSI above 50 and ascending
200MA ascending
Target:
PT = 0.335$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence....
Bullish Flag (56%)
Pros:
Volume during post formation
Descending volume during Flag formation
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 6
ATR ascending
250RSI above 50 and ascending
200MA ascending
Target:
PT = 0.2955$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence....
