With price rejection from 0.032 cents back down to 0.027 cents, we could see the price continue to retrace back down to test the 0.017 cent level, which is the old resistance zone that will now become new support level. (we wmay see some support around the 0.023cent level).
Looking very overbought.
RSI is over 80
Stoch RSI about to cross back to down...
Looks primed to break out as ascending triangle is coming to completion. MACD, Stoch RSI, RSI, all look ready to break upwards. need volume to continue increasing. First resistance level should be fib extension 0.618 (0.051), wait to see if we break this level to confirm new leg up.
After the completion of the current small pull back to the Fib retrace level of 0.5 (0.013), we will see the current descending triangle complete. With Stoch RSi primed, Current RSI neg divergence complete and building to upside , MACD cross over, and volume starting to build, we should see a break to the upside, which will continue the preceding up trend.
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...