To add some colour so to speak to the Flag pattern , we are seeing a downward pattern here in the daily volume which is a common feature of flags . Price falls a bit too but stays without a small channel , which we are seeing . I suspect that we'll get a rise of about 20% ( give or take ) possibly from around the 0.8-.83 area to a 1.05 once we get the break out . That is without the RNS . (in a way its almost a gamble to wait for a RNS as frankly if you are expecting the all clear and sales commencing then waiting to buy that day is going to be a waste of 20% immediate gap up I suppose) . The worst case scenario is just more of a delay but holders won't leave with 2014 probably giving FRR a multi bag rise , and a level of around 0.72-0.75 would seem to me as my worst case till the all clear .Worst case doesn't seem to be such a big drawdown from current levels whereas missing out is indeed.Just my rantings ... All the best .
on the weekly chart . I reckon we are seeing a classic flag being formed ( on the weekly chart) Should this be a bullish breakout we should assume that the height of the flagpole is our next target upwards . So roughly from 0.77 to .88 . We'd come close to 1p . Which is about right . Always without the RNS . With the RNS and newsflow expected I dare imagine our market cap being a multiple of the actual ! Patience as always . But the positive thing is that the assets are not going to vanish , if anything the CPR will prove up more assets . ;-)) Glad I have loads of other trades to look at as just the one would kill me ;-))
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