Yep very good point! We are starting to see some cost softening, but still has a way to go… who would be the few?..
Printable View
Hoops chart playing out
Price might hang around 450 for a while before heading to 420
Using the low of 424 and recent high of 557 as the base the 50% Fibonacci retracement was 490 ….next resistance maybe at 61.8% which is 466
Fascinating how nature works …even on share charts
Getting close to book value. Always good buying FBU when it goes below book value.
Hoops chart the other week showed almost guaranteed market expectation that take the SP up higher and above book value.
Just need to remind ourselves that FBU never meet that expectation lol
might test those lows again after div ?